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CURRO HOLDINGS LIMITED - Trading Statement

Release Date: 05/02/2019 10:00
Code(s): COH     PDF:  
Wrap Text
Trading Statement

CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)

TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, a listed company is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.

The Company hereby advises that a reasonable degree of certainty exists for the year ended
31 December 2018:

-     headline earnings per share (“HEPS”) will be between 58.7 cents and 61.2 cents,
      representing an increase of between 22% and 27% compared to the HEPS of 48.1 cents
      reported for the year ended 31 December 2017; and

-     earnings per share (“EPS”) will be between 58.7 cents and 61.2 cents, representing an
      increase of between 15% and 20% compared to the EPS of 51.0 cents reported for the
      year ended 31 December 2017.

As previously announced, Curro unbundled its subsidiary Stadio Holdings Proprietary Limited
(“Stadio”) on 3 October 2017 and Stadio is reported as a discontinued operation. The
Company’s continued operations, being the Curro schools business, is expected to report
HEPS and EPS for the year ended 31 December 2018 of between 58.7 cents and 61.2 cents
per share compared to the 49.0 cents per share achieved for the prior corresponding period,
being an increase of between 20% and 25%.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. The audited results for the year ended
31 December 2018 are expected to be published on or about 13 February 2019.

Durbanville
5 February 2019

Sponsor
PSG Capital

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