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FINBOND GROUP LIMITED - Initial Trading Update

Release Date: 26/04/2024 16:15
Code(s): FGL     PDF:  
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Finbond Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FGL ISIN: ZAE00013895
("Finbond" or "the Company" or "the Group")

INITIAL TRADING UPDATE


In terms of the Listings Requirements of the JSE Limited, 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 that of the previous corresponding period.
Accordingly, a review of the financial results for the year ended 29 February 2024 by management has indicated that the earnings per share ("EPS") and headline earnings per share ("HEPS") are expected to increase by at least 20% compared to the EPS loss of 31.6 cents and HEPS loss of 15.1 cents for the year ended 28 February 2023.
A further trading statement will be released once the Company has a greater degree of certainty with regards to its financial results for the year ended 29 February 2024.
The financial information on which this trading statement is based has not been reviewed or reported on by the Company's auditors. Pretoria 26 April 2024 Sponsor: Grindrod Bank Limited Date: 26-04-2024 04:15:00
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