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JSE PGFP PSG
PGFP PSG
PSG/PGFP - PSG Group Limited/ PSG Financial Services Limited - Recurring
Headline Earnings/ Trading statement
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
Incorporated in the Republic of South Africa
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 earnings performance. Recurring headline earnings represent the sum of
PSG`s effective interest in that of each investment, regardless of its
percentage shareholding. The result is that investments in which PSG or an
underlying investment 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
year ended 28 February 2011:
- recurring headline earnings will be between 241 cents and 243 cents per
share or between 16.2% to 17.2% higher; and
- headline earnings will be between 305 cents and 307 cents per share or
between 22.4% to 23.2% higher; and
- attributable earnings will be between 423 cents and 425 cents per share or
between 87.3% to 88.2% higher
than that for the year ended 28 February 2010.
This financial information has not been reviewed and reported on by the auditor
of PSG Group Limited. The results for the year ended 28 February 2011 will be
published on or about 18 April 2011.
Stellenbosch
15 April 2011
PSG Capital
Sponsor to PSG
Date: 15/04/2011 17:07:19 Produced by the JSE SENS Department.
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