PBT GROUP LIMITED - Trading Statement for the year ended 31 March 2018

Release Date: 06/07/2018 17:30
Code(s): PBG
 
Wrap Text
Trading Statement for the year ended 31 March 2018

PBT Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1936/008278/06)
JSE Share code: PBG ISIN: ZAE000227781
("PBT Group" or “the Company”)

TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2018

In terms of paragraph 3.4 of the JSE Listings Requirements, companies are required to publish a trading
statement as soon as they are satisfied with a reasonable degree of certainty that the financial results of the
period to be reported upon will differ by 20% or more from the financial results of the previous corresponding
period.

Shareholders of the PBT Group are advised that the results from continuing and discontinued operations are
expected to be as follows:


Continuing operations                For the year ended 31 March          For the year ended 31 March
                                     2018                                 2017 (restated)

Earnings per share                   Between (10.70) cents and (8.70)     (2.75) cents per share
                                     cents per share.

Headline earnings per share          Between (1.50) cents and (1.20)      (0.80) cents per share
                                     cents per share.
                                    

Discontinued operations              For the year ended 31 March          For the year ended 31 March
                                     2018                                 2017 (restated)

Earnings per share                   Between (3.10) cents and (2.50)      76.71 cents per share
                                     cents per share.

Headline earnings per share          Between (0.22) cents and (0.18)      5.42 cents per share
                                     cents per share.

The decrease in earnings and headline earnings per share from continuing operations are attributable to
losses resulting from the downsizing of the Middle-East Africa segment of the business. The revenue and
profit from the South-African and Australia segments collectively have grown satisfactorily and continue to
grow at a steady pace. The results have also been negatively affected by large goodwill write offs and other
impairments.

The financial information on which this trading statement is based has not been reviewed by the Company’s
auditors.

By order of the board of directors.

Cape Town
6 July 2018
Sponsor: Bridge Capital Advisors Proprietary Limited

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