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PSG PGFP
PSG
PSG/PGFP - PSG Group Limited - Recurring Headline Earnings
PSG GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number 1970/008484/06
JSE share code: PSG ISIN: ZAE000013017
("PSG")
PSG Financial Services Limited
Registration number 1919/000478/06
JSE share code: PGFP ISIN code: ZAE000096079
RECURRING HEADLINE EARNINGS
PSG continues to use the recurring headline earnings method to provide
management and investors with a more realistic and transparent way of evaluating
PSG`s financial performance. Recurring headline earnings represent the sum of
PSG`s effective interest in that of each investee, regardless of its percentage
shareholding. The result is that investments in which PSG or an investee holds
less than 20% and are generally not equity accountable in terms of accounting
standards, are included in the calculation of our consolidated recurring
headline earnings. Marked-to-market fluctuations are excluded.
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes aware that the
financial results for the next period to be reported on will show a 20% or more
difference from those of the previous corresponding period.
PSG hereby advises that a reasonable degree of certainty exists that, for the
six months ended 31 August 2010:
* recurring headline earnings will be between 110 cents and 112 cents
per share or between 35.0% to 37.4% higher;
* headline earnings will be between 136 cents and 138 cents per share or
between 0.1% to 1.5% higher; and
* attributable earnings will be between 124 cents and 126 cents per
share or between 10.1% to 11.9% higher
than that for the six months ended 31 August 2009.
This financial information has not been reviewed or reported on by the auditor
of PSG. The results for the six months ended 31 August 2010 will be published on
11 October 2010.
Stellenbosch
8 October 2010
PSG Capital
Sponsor to PSG
Date: 08/10/2010 16:31:01 Produced by the JSE SENS Department.
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