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Trading Update
Etion Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/001222/06)
JSE Share code: ETO: ISIN: ZAE000257739)
("Etion" or the “Company”)
Trading Update
In terms of paragraph 3.4 (b) of the JSE Limited (“JSE”) Listings Requirements, 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 the previous
corresponding period.
Shareholders are advised that Etion is currently finalising its results for the year ended 31 March
2019 and advises that headline earnings per share (“HEPS”) and earnings per share (“EPS”) is
expected to be between 0.10 and 0.30 cents or between 98.62% and 95.86% lower compared to
the corresponding period of 7.26 cents.
The decrease in earnings can be attributed to the subdued economic environment which
contributed to significant slippage in customer project spend to the 2020 financial year, as well as
various once-off costs related to the executing of our strategy.
The financial information on which this trading statement is based has not been reviewed or
reported on by Etion’s auditors. The company’s financial results for the year ended 31 March 2019
are expected to be released at the end of June 2019.
14 June 2019
Pretoria
Designated adviser
Exchange Sponsors
Date: 14/06/2019 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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