ECSPONENT LIMITED - Trading statement for the 15 months ended 30 June 2018

Release Date: 12/09/2018 07:06
 
Wrap Text
Trading statement for the 15 months ended 30 June 2018

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS | ISIN: ZAE000179594
Debt Issuer Code: ECSP
("the Company" or "Ecsponent")

TRADING STATEMENT FOR THE 15 MONTHS ENDED 30 JUNE 2018

In terms of paragraph 3.2(b) of the JSE Limited (“JSE”) Listings Requirements, companies are
required to publish a trading statement as soon as they are satisfied that the financial results
for the period to be reported upon next will differ by at least 20% from those of the previous
corresponding reporting period.

The Board is pleased to advise shareholders that it is reasonably certain the results for the 15-
month period ended 30 June 2018* when compared with the published results for the financial
period ended 31 March 2017# (“comparative period”), will show:

     •   an increase of more than 100% in headline earnings per share (“HEPS”), resulting in
         a HEPS of between 6.989 and 6.992 cents share, as compared to the HEPS of 0.014
         cents for the comparative period; and
     •   an increase of between 10% and 20% in earnings per share (“EPS”), resulting in an
         EPS of between 9.218 and 10.056 cents per share, as compared to the EPS of 8.380
         cents for the comparative period.

The Group's auditors have not reviewed, nor reported on, the financial information on which
this trading statement is based.

The audited financial results for the 15-month period ended 30 June 2018 will be released on
or after 18 September 2018. Visit https://www.ecsponentlimited.com/2018-financial-results/
for more information.

* Shareholders are referred to the announcement dated 28 March 2018 which contained details
  of the change in the Group’s financial year end from 31 March 2018 to 30 June 2018.
# Shareholders are advised that the financial year end 31 March 2017 was a 15-month period.


12 September 2018
Pretoria
Questco Corporate Advisory Proprietary Limited

Date: 12/09/2018 07:06:00 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.

Email this JSE Sens Item to a Friend.

Share This Story