ADAPT IT HOLDINGS LIMITED - Acquisition of Business of Conor Solutions - Additional Detail Regarding Financial Information

Release Date: 08/11/2018 17:12
Code(s): ADI
Wrap Text
Acquisition of Business of Conor Solutions - Additional Detail Regarding Financial Information

Incorporated in the Republic of South Africa
(Registration number: 1998/017276/06)
Share code: ADI ISIN: ZAE000113163

                            FINANCIAL INFORMATION

Shareholders are referred to ‘Paragraph 3 – Financial Information’ of the announcement released on SENS
on 5 November 2018 (and using the terms defined therein unless otherwise stated) regarding the acquisition
of the business of Conor Solutions.
Shareholders are advised that the profit for the year-ended 31 March 2018 of R17.7 million disclosed in the
announcement is the combined profit after tax figure of Conor Solutions and Conor International. The financial
information disclosed in the announcement relates to audited information and the annual financial statements
for the year ended 31 March 2018 were prepared in accordance with International Financial Reporting
Standards for Small and Medium-sized Entities and the Companies Act, 2008 (Act 71 of 2008), as amended.

8 November 2018

Merchantec Capital

Date: 08/11/2018 05:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story