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EFFICIENT GROUP LIMITED - Trading Statement

Release Date: 29/10/2014 07:05
Code(s): EFG     PDF:  
Wrap Text
Trading Statement

EFFICIENT GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2006/036947/06)
JSE share code: EFG ISIN: ZAE000151841
(“the company” or “EFG”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next will differ by at least 20% from the financial results for
the previous corresponding period.

Shareholders are advised that EFG’s earnings per share for the year ended 31 August 2014 (“current
financial year”) are expected to be between 8.19 and 9.86 cents per share compared to the earnings
per share of 6.18 cents per share for the year ended 31 August 2013 (“comparative period”), which
is between 33% and 60% higher than EPS for the comparative period. Headline earnings per share
for the current financial year are expected to be between 8.99 and 10.69 cents per share compared
to the headline earnings of 13.04 cents per share for the comparative period, which is between 31%
and 18% lower than the HEPS for the comparative period.

Headline earnings for the current financial year is expected to be between R 5.9 million and
R 7.1 million compared to headline earnings of R 5.3 million rand for the comparative period.

The lower headline earnings per share can be attributed to the larger number of shares in issue
during the year ended 31 August 2014. During the current financial year the weighted average
number of shares in issue was 66 062 364 shares compared to 40 759 533 shares for the
comparative period.

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

EFG’s results for the year ended 31 August 2014 will be announced on SENS on or about 12 November 2014.

29 October 2014

Sponsor

Java Capital

Date: 29/10/2014 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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