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PURPLE GROUP LIMITED - Trading statement and update for the year ended 31 August 2017

Release Date: 07/11/2017 16:57
Code(s): PPE     PDF:  
Wrap Text
Trading statement and update for the year ended 31 August 2017

Purple Group Limited

(Incorporated in the Republic of South Africa)

(Registration number 1998/013637/06)

Share code: PPE ISIN: ZAE000185526

(“Purple Group” or “the Company”)

TRADING STATEMENT AND UPDATE FOR THE YEAR ENDED 31 AUGUST 2017

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as
soon as the issuer and its directors are satisfied that there is a reasonable degree of certainty that the financial results for the
next reporting period will differ by at least 20% from those of the previous corresponding period.


Shareholders are accordingly advised that for the year ended 31 August 2017, the directors of Purple Group anticipate a basic
loss per share and headline loss per share of between 6.26 cents to 6.58 cents, compared to a basic loss per share and headline
loss per share of 0.37 cents reported in the previous corresponding 12 month period.


Trading update
The loss for the year comprises a fair value write down in the Groups investment in Real People Investment Holdings Limited
(“RPIH”) due to a change in circumstances in RPIH, as communicated in our interim results for the 6 months ended 28 February
2017. This write down contributed 3.80 cents per share (59%) of the basic and headline loss per share for the year ended 31
August 2017. The operating results of the core businesses contributed the remainder of the loss per share of 2.62 cents per share
(41%), with 1.65 cents of the loss per share being generated in the first six months and 0.97 cents loss per share in the second six
months; hence an improvement of 41.66% for the second 6 months over the first 6 months of the year ended 31 August 2017.


The operating losses are 100% attributable to the Group’s continued investment in EasyEquities (which continues to show strong
growth) as the GT247.com, GT Private Broking and Emperor Asset Management businesses, together, contributed a small profit
for the year.


The information above has not been audited or reported on by the Company’s auditors.


The Company’s results for the 12 months ended 31 August 2017 are expected to be published on SENS on or about 8th November
2017.


Johannesburg
7 November 2017
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Date: 07/11/2017 04:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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