THE FOSCHINI GROUP LIMITED - Additional constant currency disclosures in respect of interim results

Release Date: 13/11/2017 14:00
Code(s): TFG TFGP
 
Wrap Text
Additional constant currency disclosures in respect of interim results

THE FOSCHINI GROUP LTD
Reg. No.: 1937/009504/06
Code : TFG - TFGP
ISIN: ZAE000148466 – ZAE000148516
(“Company” or the “Group”)

Additional constant currency disclosures in respect of interim results

Shareholders are referred to the announcement released by the Company on
the Stock Exchange News Service of the JSE Limited on 2 November 2017
regarding the Group’s unaudited interim condensed consolidated results for
the half-year ended 30 September 2017.

Pro forma constant currency information was disclosed in the interim
results due to the volatile nature of currency fluctuations during the
period, in order to illustrate the impact of GBP on the Group’s foreign
operating segments using the corresponding prior period average rate. For
certain   key  metrics   (Group  turnover,   headline  earnings   excluding
acquisition costs and headline earnings per share excluding acquisition
costs), TFG London results were translated at the corresponding prior
period average rate of R20.00:1GBP, compared to a current period average of
R17.09:1GBP.

The pro forma constant currency information disclosed is the responsibility
of the Group's directors. The pro forma constant currency information has
been presented to illustrate the impact of changes in currency rates on the
Group's results and may not fairly present the Group's results of
operations. The pro forma constant currency information has not been
reviewed or reported on by the Company’s auditors.


Cape Town
13 November 2017

Sponsor:
UBS South Africa Proprietary Limited

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