Ecsponent - trading statement
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied, with a reasonable degree of certainty, that the financial results for the period to be reported upon next will differ by at least 20% from those of the previous corresponding reporting period.
The board of directors of Ecsponent therefore wishes to advise shareholders that it is reasonably certain that the interim results for the period 31 December 2018, when compared with the published results for the interim period ended 30 September 2017* ("Comparative Period"), will differ as follows:
*earnings per share ("EPS") are expected to decrease by between 95% and 75%, resulting in EPS of between 0.15 cents and 0.78 cents, as compared to the EPS of 3.121 cents for the Comparative Period; and
*headline earnings per share ("HEPS") are expected to decrease by between 90% and 70%, resulting in HEPS of between 0.17 cents and 0.51 cents, as compared to the EPS of 1.698 cents for the Comparative Period.
*Shareholders are referred to the announcement dated 28 March 2018 which contained details of the change in the Group's financial year end from 31 March to 30 June.
The financial information on which this trading statement is based has not been reviewed or reported on by the Company's external auditors. The Company's financial results for the interim period ended 31 December 2018 will be released on or about Tuesday, 26 March 2019.
Ecsponent will be hosting an investors' call at 10:00 (CAT) on 26 March 2019 to provide an update in respect of the Group's operational progress and financial results for the six months ended 31 December 2018. Register to participate in the call by sending an email to email@example.com or follow the dial in instructions below:
Zoom meeting link
Follow this link to join Ecsponent Limited's Zoom Meeting: www.zoom.us/j/9511073823
One tap mobile
+27875517702,,9511073823# South Africa
+27875507717,,9511073823# South Africa
Dial by your location
+27 87 551 7702 South Africa
+27 87 550 7717 South Africa
Meeting ID: 951 107 3823
Find your local number: www.zoom.us/u/adxLh8HKWB
A summary of the call will be available on the Company's website thereafter: www.ecsponentlimited.com/investor-relations/#sensnews
For more information about this announcement or the Ecsponent group, email firstname.lastname@example.org or visit www.ecsponentlimited.com/investor-relations