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GRAND PARADE INVESTMENTS LIMITED - Trading Statement

Release Date: 13/03/2019 07:05
Code(s): GPL     PDF:  
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Trading Statement

GRAND PARADE INVESTMENTS LIMITED
 (Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)


TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, a listed company is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.

GPI hereby advises that a reasonable degree of certainty exists that for the six months ended
31 December 2018 earnings will be as follows:

                                       31 December     31 December 2018       31 December
                                        2017 actual     expected range       2018 expected %
                                          (cents)           (cents)              change
 Basic earnings per share                  2.92          (8.52) to (7.94)    (392%) to (372%)
   Continuing operations                   6.97            7.69 to 9.09       10.4% to 30.4%
   Discontinued operations                (4.05)        (17.03) to (16.22)   (320%) to (300%)
 Headline earnings per share               3.20            3.43 to 4.07        7.2% to 27.2%
   Continuing operations                   7.25            7.81 to 9.26        7.7% to 27.7%
   Discontinued operations                (4.05)         (5.19) to (4.38)   (28.1%) to (8.1%)

The decrease in the basic earnings per share is due to the impairment of Dunkin’ Donuts and
Baskin-Robbins, which was liquidated subsequent to 31 December 2018 and is reported as
part of discontinued operations.

The financial information on which this trading statement is based has not been reviewed and
reported on by GPI’s external auditors. The financial results for the period ended 31 December
2018 will be published on or about 18 March 2019.

Cape Town
13 March 2019

Sponsor and corporate advisor:
PSG Capital

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