BRIKOR LIMITED - Trading statement

Trading statement

BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/013247/06)
(Share Code: BIK ISIN Code: ZAE000101945)
(“Brikor” or “the Company” or “the group’’)


Trading update

In terms of paragraph 3.4 (b) of the JSE Limited (“JSE”) Listings Requirements, companies are required to
publish a trading statement as soon as a reasonable degree of certainty exist that the financial results for the
period to be reported on will differ by at least 20% from the previous corresponding period.

A review by management of the financial results for the year ended 28 February 2018 has indicated, with a
reasonable degree of certainty, that earnings per share (“EPS”) of Brikor is expected to be between 1.1
cents and 1.3 cents compared to that of the previous corresponding period which reported EPS of 0.7 cents
per share for the year ended 28 February 2017. This equates to an increase in EPS of between 57% and
86% when compared to the previous reporting period.

Headline earnings per share (“HEPS”) is expected to be between 1.1 cents and 1.3 cents compared to the
previous corresponding period which reported HEPS of 4.7 cents per share for the year ended 28 February
2017. This equates to a decrease in HEPS of between 72% and 77% when compared to the previous
reporting period. The decrease in HEPS is mainly attributable to the raising of the deferred tax asset in 2017.
The deferred tax asset resulted in a large tax credit in 2017, not recurring in 2018.

The financial information on which this trading statement is based has not been reviewed or reported on by
Brikor’s auditors. The Company’s financial results for the year ended 28 February 2018 are expected to be
released by 7 June 2018.


28 May 2018
Nigel

Designated adviser
Exchange Sponsors

Date: 28/05/2018 01:06:00 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.