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DENEB INVESTMENTS LIMITED - Trading Statement

Release Date: 22/05/2019 13:35
Code(s): DNB     PDF:  
 
Wrap Text
Trading Statement

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
(“Deneb” or the “Group”)


TRADING STATEMENT


In terms of section 3.4 (b) of the JSE Limited Listings Requirements, companies are required
to publish a trading statement as soon as they are reasonably certain that the financial results
for the current reporting period will be more than 20% different than that of the previous
corresponding period.

For the year ended 31 March 2019, shareholders are advised that:

•   Loss per share is expected to range between 10.34 and 10.72 cents per share (2018: 1.89
    cents earnings per share).

    o   Earnings per share from continuing operations is expected to range between 4.87 and
        10.29 cents per share (2018: 27.09 cents earnings per share).

    o   Loss per share from discontinuing operations is expected to range between 15.59 and
        20.63 cents per share (2018: 25.20 cents loss per share).

•   Headline loss per share is expected to range between 4.11 and 4.83 cents per share,
    representing an increase in the loss of between 11.68% and 31.25% compared to the
    headline loss per share of 3.68 cents reported for year ended 31 March 2018.

    o   Headline earnings from continuing operations is expected to range between 3.63 and
        7.53 cents per share (2018: 19.46 cents earnings per share).

    o   Headline loss from discontinuing operations is expected to range between 7.74 and
        12.36 cents per share (2018: 23.14 cents loss per share).

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

The Group's results for the year ended 31 March 2019 are scheduled to be published on or
about 24 May 2019.

Cape Town
22 May 2019


Sponsor
PSG Capital

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