CARGO CARRIERS LIMITED - Trading Statement

Trading Statement

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("CRG" or "the Company")


TRADING STATEMENT


In accordance with paragraph 3.4(b) of the Listings Requirements of the Johannesburg Stock Exchange,
shareholders are advised that for the year ended 28 February 2018:

Basic and diluted earnings per share (“EPS”):
The combined EPS from total operations is expected to be between 117.0 cents per share and 121.6 cents per share
for the year ended 28 February 2018, being an increase of between 1.7% and 5.7% compared to 115.0 cents per share
in the prior year. However, a large component of the prior year EPS related to discontinued operations. Accordingly,
the following additional information is presented:
-    EPS from continuing operations is expected to be between 117.0 cents per share and 121.6 cents per share,
     reflecting an increase in excess of 100% when compared to the loss per share from continuing operations of (11.5)
     cents per share for the prior year ended 28 February 2017; and
-    As there were no discontinued operations for the current year, EPS from discontinued operations is expected to
     be nil cents per share compared to the EPS of the 126.5 cents per share for the prior year ended 28 February 2017.

Basic and diluted headline earnings per share (”HEPS”):
The combined HEPS from total operations is expected to be between 131.6 cents per share and 140.9 cents per share
for the year ended 28 February 2018, being an increase of between 182.4% and 202.4% compared to 46.6 cents per
share in the prior year. Shareholders are however reminded, a large component of the prior year HEPS related to
discontinued operations.

The financial information on which this trading statement is based has not been reviewed and reported on
by the Company’s auditors. The Company expects its results for the period ended 28 February 2018 to be
released on SENS on or about 31 May 2018.

Johannesburg
21 May 2018

Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 21/05/2018 04:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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