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NOVUS HOLDINGS LIMITED - Trading Statement Update

Release Date: 11/06/2018 17:15
Code(s): NVS     PDF:  
Wrap Text
Trading Statement Update

Novus Holdings Limited
(Incorporated in the Republic of South Africa)
JSE share code: NVS
ISIN: ZAE000202149
Registration number: 2008/011165/06
(“Novus Holdings”, “the Company” or “the Group”)


TRADING STATEMENT UPDATE


Shareholders are referred to the trading statement released on the Johannesburg Stock Exchange News
Service on 30 April 2018, advising that the Group expects its basic earnings per share (“EPS”) and
headline earnings per share (“HEPS”) for the year ended 31 March 2018 to be lower than the previous
corresponding period.

In the same announcement, the Group undertook to issue a further trading statement once there was
clarity on the specific range in EPS and HEPS.

Shareholders are advised that the Group expects its basic EPS for the year ended 31 March 2018 to be
within the range of 20 cents and 24 cents. This corresponds to a decline of between 70,1% and 75,1%
when compared to the reported EPS of 80.4 cents for the year ended 31 March 2017. The slight
improvement compared to the 30 April 2018 trading update is due to marginally improved cash flows
included in the impairment testing models applied by the Group. The Group expects its HEPS for the
year ended 31 March 2018 to be within the range of 100 cents and 105 cents. This corresponds to a
decline of between 5,2% and 9,8% when compared to the reported HEPS of 110.8 cents for the year
ended 31 March 2017.

The Group expects to release its results for the year ended 31 March 2018 on SENS on or about 15 June
2018.

The financial information on which this trading statement is based has not been reviewed or reported
on by the external auditors of Novus Holdings.


Cape Town
11 June 2018

Sponsor: Investec Bank Limited

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