MASTER PLASTICS LIMITED - Trading Statement for the Financial Year Ended 28 February 2018

Release Date: 11/04/2018 16:22
Code(s): MAP
 
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Trading Statement for the Financial Year Ended 28 February 2018

MASTER PLASTICS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2016/323930/06)
Share code: MAP ISIN: ZAE000242921
(“Master Plastics” or “the Group”)


TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2018


In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, companies are required to publish
a trading statement as soon as a reasonable degree of certainty exists that the financial results for the
reporting period will differ by at least 20% from that of either the previous corresponding period or a profit
forecast previously provided to the market in relation to such period.

The Board of Directors of Master Plastics are pleased to advise shareholders that, due to a strong
operational and financial performance across all components of the Group, for the financial year ended
28 February 2018:

     -   both the basic earnings and headline earnings per share are expected to be between 28.5 cents
         and 30.0 cents, this being between 20.3% and 26.6% higher than the basic earnings and headline
         earnings per share of 23.7 cents forecasted for the financial year ended 28 February 2018 in the
         Pre-Listing Statement of the Group published on 5 May 2017. This forecast is directly comparable
         with the expected result.

     -   both the basic earnings and headline earnings per share are expected to be between 28.5 cents
         and 30.0 cents, this being between 305.0% and 315.8% higher than the basic loss per share and
         headline loss per share of 13.9 cents reported for the financial period ended 28 February 2017.
         Shareholders are reminded that the comparative results for the period ended 28 February 2017 did
         not represent a full years’ trading due to the timing of the establishment of the Group prior to its
         unbundling from its then parent in May 2017.

The information on which this trading statement is based, has not been reviewed, audited or reported on by
the auditors of Master Plastics. The Group anticipates releasing its audited results for the financial year
ended 28 February 2018 on SENS on or about 2 May 2018.

Johannesburg
11 April 2018

Designated Adviser
Merchantec Capital

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