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Release Date: 14/06/2018 16:08
Code(s): AXL AXLP     PDF:  
Wrap Text
Trading Statement

Incorporated in the Republic of South Africa
(Registration number 1946/021193/06)
Ordinary share code: AXL ISIN: ZAE000221370
Hybrid instrument code: AXLP ISIN: ZAE000221388
(“Phoenix” or “the Company”)


In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the 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 six-months ended 31 March 2018 by management has
indicated that the earnings per share (“EPS”) and headline earnings per share (“HEPS”) is expected to be
between 1.85 cents and 1.00 cent, reflecting a decrease of between 55% and 75% compared to the EPS
and HEPS of 4.1 cents for the six months ended 31 March 2017.

The financial information on which this trading statement is based has not been reviewed or reported on
by the Company’s auditors. Phoenix’s financial results are expected to be released on SENS on or about
27 June 2018.

14 June 2018

Merchantec Capital

Date: 14/06/2018 04:08:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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