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TRELLIDOR HOLDINGS LIMITED - Updated Trading Statement

Release Date: 14/09/2020 14:30
Code(s): TRL     PDF:  
Wrap Text
Updated Trading Statement

Trellidor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1970/015401/06)
Share Code: TRL
ISIN Code: ZAE000209342
(“the Company” or “the Group”)


In compliance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, 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.

Further to the trading statement released on SENS on 29 May 2020, shareholders are hereby
advised that for the twelve-month period ended 30 June 2020, the Group expects:

-     headline earnings per share will be between 9.83 cents and 17.85 cents, representing
      a decrease of between 55% and 75% compared to the headline earnings per share of
      40.10 cents reported for the year ended 30 June 2019; and

-     loss per share will be between 24.77 cents and 16.77 cents, representing a decrease
      compared to the earnings per share of 40.00 cents reported for the year ended 30 June

Earnings decreased mainly due to the measures introduced by Government in response to
the Covid-19 pandemic as the Group could not trade during the first phase of the National

In addition, the loss per share decreased by a larger margin than headline earnings per share
mainly as a result of an impairment of goodwill in Trellidor Innovations Proprietary Limited
(Taylor). The significantly reduced performance in the current year as a result of the National
Lockdown and the uncertainty of the medium term impacts on the economy, and by extension
the South African consumer, as result of the Covid-19 pandemic, means management has
taken a conservative view of the medium term performance of the subsidiary.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. It is expected that the audited financial results for
the 12-month period ended 30 June 2020 will be published on SENS by the Company on or
about Tuesday, 22 September 2020.

14 September 2020

PSG Capital

Date: 14-09-2020 02:30:00
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