GRAND PARADE INVESTMENTS LIMITED - Trading Statement
Trading Statement
GRAND PARADE INVESMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)
TRADING STATEMENT
GPI is currently finalising its financial results for the year ended 30 June 2021, which will be
published on 30 September 2021
In terms of the JSE Limited Listings Requirements, a listed company is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.
The Company hereby advises that a reasonable degree of certainty exists that for the year
ended 30 June 2021:
- headline losses per share will be between 4.8 cents and 7.7 cents, representing an
improvement of between 47% and 67% compared to the headline loss per share of
14.44 cents reported for the year ended 30 June 2021; and
- losses per share will be between 3.1 cents and 8.9 cents, representing an improvement
of between 69% and 89% compared to the loss per share of 28.93 cents reported for
the year ended 30 June 2021.
The improvement in the financial performance of the Group was due to a reduction in
the losses from the Food businesses and an increase in the earnings contribution
from the Gaming businesses, in particular Sun Slots. Furthermore, the reduction in
debt and related finance expenses as well as the reduction in head office costs also
had a positive impact on the Groups earnings.
The financial information on which this trading statement is based has not been
reviewed or reported on by the auditor of the Company.
Cape Town
28 September 2021
Sponsor
PSG Capital
Date: 28-09-2021 09:30:00
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