GRAND PARADE INVESTMENTS LIMITED - Trading Statement
GPL 201709120054A
Trading Statement
GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)
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 financial
period to be reported on next will vary by 20% or more from those
of the previous comparable period.
Shareholders are hereby advised that a reasonable degree of
certainty exists that:
• basic earnings per share will be between 0.09 and 8.69
cents, which equates to a decrease of between 80% and 100%
for the period ended 30 June 2017, compared to basic
earnings per share of 43.01 cents reported in the previous
period ended 30 June 2016 and;
• GPI expects to report a headline loss per share of between
4.39 and 4.79 cents for the period ended 30 June 2017,
compared to headline earnings per share of 1.99 cents
reported in the previous period ended 30 June 2016.
Basic earnings per share decreased as a result of the profit on
sale of gaming assets recognised in the 2016 financial year
amounting to R270 million. The decrease in headline earnings per
share is attributed to the sale of gaming assets in the 2016
financial year which has resulted in a significant reduction of
its contribution to equity accounted earnings in the current
year.
The financial information on which this trading statement is
based has not been reviewed and reported on by GPI’s external
auditors. The financial results for the period ended 30 June 2017
will be published on or about 14 September 2017.
Cape Town
12 September 2017
Sponsor and corporate advisor:
PSG Capital
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