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LITHA HEALTHCARE GROUP LIMITED - Trading statement and cautionary announcement

Release Date: 18/08/2014 07:05
Code(s): LHG     PDF:  
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Trading statement and cautionary announcement

LITHA HEALTHCARE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/006371/06)
Share code: LHG
ISIN: ZAE000144671
(”Litha”)

TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT

Litha is currently finalising its results for the six months ended 30 June 2014 (“Period”). Shareholders are
advised that earnings per share (“EPS”) and headline earnings per share (“HEPS”) are expected to be
between 100% and 120% lower than those of the comparative six month period ended 30 June 2013
(“Comparative Period”).

The decrease over the Period is primarily attributable to the following factors:

    -   once-off restructuring costs of R10,5 million; and
    -   foreign exchange losses of R9,2 million (gain of R11,5 million in the Comparative Period).

As previously announced, Litha implemented a cost cutting and management restructure program to refocus
its operations and has begun to realise certain benefits during the first half of 2014. As a result, EPS and
HEPS are expected to improve by between 80% and 100% when compared to EPS and HEPS for the six
month period ended 31 December 2013*.

Earnings Before Interest, Tax, Depreciation and Amortisation (“EBITDA”)

EBITDA is expected to be between 0% and 20% lower than the Comparative Period, and between 40% and
60% higher when compared to the preceding six months ended 31 December 2013*. The increase in
comparison to the second half of 2013 was primarily due to the realisation of certain benefits from the cost
reduction and restructure program implemented during the first half of 2014.

Litha calculates EBITDA as earnings before interest income/expense, other expense/income, tax,
amortisation, depreciation, foreign exchange gain/losses, income/loss from joint venture and equity
accounted investments and unusual items, such as write-downs and gains/losses on investments. EBITDA is
calculated and presented consistently from period to period.

The financial information on which this trading statement is based has not been reviewed and reported on by
Litha’s external auditors.

Litha’s interim results for the Period are expected to be released on SENS on or about 26 September 2014.

* EPS, HEPS and EBITDA for the six month period ended 31 December 2013 are calculated by subtracting
the figures contained in the unaudited condensed consolidated results for the 6 months ended 30 June 2013
(as previously disclosed on SENS on 14 August 2013) from the figures contained in the audited financial
statements for the year ended 31 December 2013.


CAUTIONARY ANNOUNCEMENT
Shareholders of Litha (“Shareholders”) are advised that Litha has entered into negotiations, which if
successfully concluded, may have a material effect on the price of Litha’s securities. Accordingly,
Shareholders are advised to exercise caution when dealing in the Litha’s securities until a full announcement
is made.


Midrand
18 August 2014

Sponsor
One Capital

Date: 18/08/2014 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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