ADAPT IT HOLDINGS LIMITED - Trading Statement

Release Date: 01/08/2018 14:43
Code(s): ADI
 
Wrap Text
Trading Statement

Adapt IT Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/017276/06)
Share code: ADI ISIN: ZAE000113163
(“Adapt IT”)


TRADING STATEMENT



In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to
be reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review by management of the financial results for the year ended 30 June 2018
has indicated that:
-   the earnings per share (“EPS”) is expected to be between 74.57 cents and 80.45 cents,
    reflecting an increase of between 27% and 37% compared to the EPS of 58.74 cents for the
    year ended 30 June 2017;
-   the headline earnings per share (“HEPS”) is expected to be between 64.03 cents and 69.91
    cents, reflecting an increase of between 9% and 19% compared to the HEPS of 58.76 cents
    for the year ended 30 June 2017; and
-   the normalised HEPS is expected to be between 83.64 cents and 91.54 cents, reflecting an
    increase of between 6% and 16% compared to the normalised HEPS of 78.96 cents for the
    year ended 30 June 2017.

As per prior results announcements, normalised headline earnings is calculated by adding back
to headline earnings the amortisation of acquired intangible assets net of deferred taxation, as a
consequence of the purchase price allocations completed in terms of IFRS 3 Business
Combinations and fair value adjustments to financial liabilities on outstanding contingent
purchase considerations.

The financial information on which this trading statement is based has not been reviewed or
reported on by Adapt IT’s auditors. Adapt IT's financial results are expected to be released on
SENS on or about 16 August 2018.


Durban
1 August 2018

Sponsor
Merchantec Capital

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