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ADVANCED HEALTH LIMITED - Trading Statement

Release Date: 23/09/2020 15:30
Code(s): AVL     PDF:  
Wrap Text
Trading Statement

ADVANCED HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/059246/06)
(“the Company” or “Advanced Health”)
ISIN Code: ZAE000189049            JSE Code: AVL


TRADING STATEMENT


In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE Limited, listed companies are required
to publish a trading statement as soon as they become reasonably certain that the financial results for the
next period to be reported on will differ by more than 20% from those of the previous corresponding period.

The directors of Advanced Health hereby advise shareholders that, in respect of the reviewed consolidated
results for the year ended 30 June 2020, the loss per share and headline loss per share are expected to be as
follows: -


                                  Reviewed                   Reviewed                        Audited
                                  Year ended                 Year ended                    Year ended
                                  30 June 2020               30 June 2020               30 June 2019
                                 % range between                 between
     Loss per share (cents)
                                   Expected increase in        Between 49.53 and         15.51 cents per
                                     excess of 100%           52.63 cents per share          share


    Headline loss per share        Expected increase in        Between 48.94 and         10.84 cents per
           (cents)                   excess of 100%           51.09 cents per share          share



COVID 19 had an impact on the results for the fourth quarter (Q4) of the 2020 financial year. The estimated
effect on revenue for Q4 is as follows:
    • Advanced Health South Africa – Loss of Revenue R24.4 million.
    • Presmed Australia – Loss of Revenue AUD4 million (R42.0 million).

The information in this trading statement has not been reviewed and reported on by the Company’s auditors.

Pretoria.
23 September 2020

Designated Advisor
Grindrod Bank Limited

Date: 23-09-2020 03:30:00
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