To view the PDF file, sign up for a MySharenet subscription.

HOMECHOICE INTERNATIONAL PLC - Trading Statement for the Year Ended 31 December 2017

Release Date: 02/03/2018 10:20
Code(s): HIL     PDF:  
Wrap Text
Trading Statement for the Year Ended 31 December 2017

HomeChoice International PLC
(Incorporated in the Republic of Malta)
Registration number C66099
Share code: HIL
ISIN:MT0000850108
(“HomeChoice International” or “the group”)

TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2017

HomeChoice International is currently finalising its results for the year ended 31 December 2017.

In this regard, shareholders are advised that earnings per share and headline earnings per share are likely to be in
the ranges as indicated in the table below:

                                        Reported             Expected
                                      31/12/2016           31/12/2017              Change
                                           cents                cents
 
 Headline earnings per share              414.6             498 - 518             20%-25%
 Earnings per share                       414.8             498 - 518             20%-25%


The Retail division produced robust sales growth. This is largely attributable to new customer acquisition of more
than 20 000 customers per month, the launch of a broad range of external brands which were well-received by our
customers, as well as further innovation in our core categories. Financial services achieved pleasing growth in both
loan disbursements and the newly launched insurance products, as well as a strong credit performance. The group
experienced a strong uptake in its digital offerings, with digital Retail sales growing by 48% and more than R1 billion
of digital credit being extended during 2017.

The group’s results for the year ended 31 December 2017 will be released on SENS on or about 8 March 2018.

Shareholders are advised that this trading statement has not been reviewed or reported on by the group’s
external auditors.


Qormi, Republic of Malta
2 March 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 02/03/2018 10:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story