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CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED - Trading Statement

Release Date: 22/02/2022 13:29
Code(s): CAT     PDF:  
Wrap Text
Trading Statement

CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/022616/06)
Share code CAT       ISIN ZAE000043345

(“the Company”)


TRADING STATEMENT


In terms of paragraph 3.4(b) of the Listings Requirements of the Johannesburg
Stock Exchange, companies are required to publish a trading statement as
soon as they are satisfied that a reasonable degree of certainty exists that the
financial results for the current reporting period will differ by at least 20% from
the financial results of the previous corresponding period.

Shareholders of the Company are advised that it is reasonably certain that, for
the Company’s half year ended 31 December 2021:

   -   Headline earnings per share are expected to be between 66.2 and 69.6
       cents per share, representing an increase of between 79.9% and 89.1%
       as compared to the headline earnings of 36.8 cents per share reported
       for the half year ended 31 December 2020.

The substantial improvement in headline earnings has built upon the recovery
evident at the last reporting period with all operations experiencing continued
robust demand and increased market share.

   -   Earnings per share are expected to be between 62.7 and 66.0 cents per
       share, representing a decrease of between 39.2% and 42.2% as
       compared to the earnings of 108.5 cents per share reported for the half
       year ended 31 December 2020.

The decline in earnings per share is due to the non-recurring profit on disposal
of an associate of R 399.3 million (profit after taxation of R304.9 million) in the
prior year. This profit represented 80.69 cents per share and excluding this, the
growth in earnings per share, would have been between 125.5% and 137.4%.

Shareholders are further advised that the Company is in the process of
finalising its results for the period concerned and it is expected that these results
will be released on SENS no later than 18 March 2022.

By order of the board.

Johannesburg

22 February 2022


Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 22-02-2022 01:29:00
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