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Trading Statement for the Six-Months Ended 31 March 2020
INDEQUITY GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number 1998/015883/06
Share code: IDQ ISIN: ZAE000016606
(“Indequity” or “the Group”)
TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2020
Indequity is currently finalising its results for the six months ended 31 March 2020.
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as 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 those for the previous
corresponding period.
Accordingly, Indequity shareholders are advised that the Group's basic earnings per share (“EPS”) and
headline earnings per share (“HEPS”) is expected to be between 23.34 and 26.20 cents per share,
which is between 43% and 36% lower than the previous corresponding period’s EPS and HEPS of
40.94 cents per share.
The Group’s core insurance operations continued to deliver increased earnings for the period. However,
a decrease in investment income in comparison to the previous corresponding period, resulted in an
overall decrease in EPS and HEPS. The decrease in investment income is due to a significant decrease
in the market value of US listed equities as a result of the COVID-19 crisis, with the Dow Jones index
closing more than 18% lower as at 31 March 2020, than as at 30 September 2019.
The financial information on which this trading statement is based has not been reviewed or reported
on by the Group’s auditors.
Indequity’s interim financial results are expected to be released on SENS on or about 5 May 2020.
Johannesburg
9 April 2020
Sponsor
Merchantec Capital
Date: 09-04-2020 05:27:00
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