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LETSHEGO HOLDINGS LIMITED - ANNOUNCEMENT INTERIM FINANCIAL RESULTS 30 JUNE 2018-BILETS

Release Date: 30/08/2018 10:07
Code(s): LHL19 LHL18 LHL26 LHL27 LHL28 LHL17 LHL14     PDF:  
Wrap Text
ANNOUNCEMENT – INTERIM FINANCIAL RESULTS – 30 JUNE 2018-BILETS

Letshego Holdings Limited

Incorporated in the Republic of Botswana

Registration number 98/442

(JSE Code: “BILETS”)

(“Letshego Holdings” or “the   Company” or “the issuer”)



This announcement is being released on the Johannesburg Stock Exchange for
information purposes only in respect of Letshego Holdings Limited’s Note
Programme.

TRADING ANNOUNCEMENT – INTERIM FINANCIAL RESULTS – 30 JUNE 2018

Letshego Holdings Limited (“LHL” / “the Company” / “Letshego”) was incorporated
in 1998, is headquartered in Gaborone and has been publicly listed on the
Botswana Stock Exchange (BSE) since 2002. It is an inclusive finance focused
Group with consumer, micro-lending and deposit-taking subsidiaries across sub-
Saharan Africa.

The Listings Requirements of the BSE require Letshego to publish, through the
BSE, any circumstances or events that have, or are likely to have, a material
bearing on the financial results of the Company for the period to be reported
upon next.

The Board of Letshego hereby informs Shareholders that:

•     the Company’s profit before tax for the six month period ended 30 June 2018
is expected to be materially higher (between 15% to 20%) than those reported for
the comparative period ended 30 June 2017;

•     on a profit after tax basis, they are also expected to be materially higher
(between 10% to 15%);

•     the prior period profit after tax results, to 30 June 2017, will be
restated for the continuing tax matter as advised to Shareholders on publication
of the full-year 2017 financial results. Therefore, the restated profit after tax
for the comparative period is P335m rather than P363m.

In view of the above, Shareholders and investors are advised to exercise caution
and consult their professional advisors when dealing in the Company’s securities
until such time as a detailed announcement is made. A detailed publication for
the interim results to 30 June 2018 is expected to be released on or about 3
September 2018 following the completion of all internal governance procedures.

This trading announcement has not been reviewed or reported on by the Company’s
independent auditors.



30 August 2018




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Debt sponsor in South Africa

The Standard Bank of South Africa Limited, acting through its Corporate and
Investment Banking division



Sponsoring broker in Botswana

African Alliance Securities




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