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ESOR LIMITED - Trading Statement

Release Date: 22/10/2015 14:20:00      Code(s): ESR       PDF(s):  
Trading Statement

(Incorporated in the Republic of South Africa)
(Registration number: 1994/000732/06)
JSE code: ESR
ISIN: ZAE000133369
(“Esor” or “the company”)


Esor is currently finalising its interim results for the six
months ended 31 August 2015 (“the interim period”) and
shareholders are advised that the company expects a basic
earnings per share of between 1.5 and 1.8 cents equating to an
increase of between 124% and 129% compared to the basic loss per
share of 6.28 cents from the previous corresponding interim
period and a headline earnings per share of between 1.8 and 2.1
cents equating to an increase of between 127% and 132% compared
to the headline loss per share of 6.59 cents in the previous
corresponding interim period.

The company has returned to profitability despite continuing
difficult trading conditions and a loss suffered on the Umzumbe
low cost housing project.

Work on hand and future pipeline remain healthy, with a secured
outstanding 2 year order book of R1.62 billion and imminent
pending awards of approximately R680 million.

The financial information on which this trading update is based
has not been reviewed or reported on by the company’s auditors.

The company’s interim results for the six months ended 31 August
2015 are expected to be released on SENS during the week ending 6
November 2015.

22 October 2015

Vunani Corporate Finance

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