ETO 201906240013A
Trading Update
Etion Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/001222/06)
JSE Share code: ETO: ISIN: ZAE000257739)
("Etion" or the "Company")
Trading Update
In terms of paragraph 3.4 (b) of the JSE Limited ("JSE") Listings Requirements, companies are
required to publish a trading statement as soon as they become reasonably certain that the
financial results for the period to be reported on will differ by more than 20% from the previous
corresponding period.
This Trading Update supersedes the Trading Update dated 15 June 2019.
Shareholders are advised that Etion is currently finalising its results for the year ended 31 March
2019 and advises that headline earnings per share ("HEPS") and earnings per share ("EPS") is
expected to be a loss of between 0.50 and 0.75 cents or more than 100% lower compared to the
corresponding period of 7.26 cents.
The decrease in earnings can be attributed to the subdued economic environment which
contributed to a significant slippage in customer project spend to the 2020 financial year,
adjustments for the impact of the new accounting standards as well as various once-off costs
related to the executing of our strategy, costs related to the acquisition and absorption of LAWtrust
into the Group, amongst others.
The financial information on which this trading statement is based has not been reviewed or
reported on by Etion's auditors. The company's financial results for the year ended 31 March 2019
are expected to be released at the end of June 2019.
24 June 2019
Pretoria
Designated adviser
Exchange Sponsors
Date: 24/06/2019 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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