PINNACLE HOLDINGS LIMITED - Voluntary trading statement and update
PNC 201702090042A
Voluntary trading statement and update
Pinnacle Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000184149
(“Pinnacle” or “the Group” or “the Company”)
VOLUNTARY TRADING STATEMENT AND UPDATE
Revenue, Headline Earnings, Earnings per Share (“EPS”) and Headline Earnings per
Share (“HEPS”)
Shareholders are advised that the Company is reasonably certain that its interim
results for the 6 months ended 31 December 2016 will reflect the following:
6 months to 6 months to 6 months to
31 December 2016 31 December 31 December 2016
Expected Values 2015 Actual Expected change
percentage
Revenue R6,300 to R6,375 R4,331 million +45% to +47%
million
Headline earnings R170 to R180 R150 million +13% to +20%
million
EPS 103 to 108 cents 94.4 cents +9% to +14%
HEPS 104 to 108 cents 94.1 cents +11% to +15%
A. The acquisitions of Datacentrix Holdings Limited and Solareff (Proprietary)
Limited in the second half of the last financial year have contributed to the
growth in revenue for the six months ended 31 December 2016.
B. All operations within the group have performed in line with, or in excess of,
our expectations, contributing to a pleasing increase in the profitability of the
group.
The above information has not been reviewed or reported on by the Company's
auditors. The Company's unaudited interim financial results for the six months ended
31 December 2016 are expected to be published on SENS on or about 2 March 2017.
Midrand
9 February 2017
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd
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