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ADCORP HOLDINGS LIMITED - Further trading statement for the year ended 29 February 2020

Release Date: 10/06/2020 14:40
Code(s): ADR     PDF:  
 
Wrap Text
Further trading statement for the year ended 29 February 2020

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share code: ADR & ISIN: ZAE000000139
("Adcorp" or "the Group")

FURTHER TRADING STATEMENT FOR THE YEAR ENDED 29 FEBRUARY 2020

Shareholders are referred to the announcement released on SENS on 8 May 2020 which included a
trading statement (“Initial Trading Statement”) and are advised that, following further finalisation of
its results for the year ended 29 February 2020 and a comprehensive review of the impact that
COVID-19 has had on key judgements, Adcorp can confirm:

   •   Operating profit will remain within the range disclosed in the Initial Trading Statement.
   •   Total basic earnings per share will remain within the range disclosed in the Initial Trading
       Statement.
   •   Headline loss per share of between 5.4 cents and 6.4 cents compared to headline earnings
       per share of 245.0 cents for the year ended 28 February 2019.

Furthermore, Adcorp will proceed to issue its provisional annual financial statements on or about 29
June 2020 and its integrated annual report, incorporating the final annual financial statements and
the notice of annual general meeting, by no later than 31 July 2020.

The results will be presented via webcast in light of the COVID-19 outbreak.

The financial information on which this trading statement is based has not been reviewed, or
reported on, by the Group’s external auditors.

10 June 2020

Sandton
Sponsor: Nedbank Corporate & Investment Banking, a division of Nedbank Limited




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Date: 10-06-2020 02:40:00
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