| Wed 1 Mar 2023, 12:35 | | CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED - Trading Statement |
|
Trading Statement
CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/022616/06)
Share code CAT ISIN ZAE000043345
(“the Company”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listings Requirements of the Johannesburg Stock Exchange,
companies are required to publish a trading statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results for the current reporting period will differ by at
least 20% from the financial results of the previous corresponding period.
Accordingly, shareholders of the Company are advised that it is reasonably certain that, for the
Company’s half year ended 31 December 2022, the results will be as follows:
Expected Financial Reported Financial %
half year ended half year ended Change
31 December 2022 31 December 2021
(cents) (cents)
Headline earnings per share (HEPS) 88,0 – 93,0 66,5 32,3 – 39,8
Earnings per share (EPS) 104,0 – 109,0 63,9 62,8 – 70,6
OPERATIONAL UPDATE
The group has posted a record set of half year results for the period ended 31 December 2022.
Revenues grew strongly by 25.8% to R 3 817 million (2021: R3 036 million) on the back of price
increases to recover unprecedented raw material cost increases. In addition, the group’s packaging
operations experienced good demand and gains in market share.
Inflationary cost pressures were evident throughout the period but on the whole were well managed
in spite of increased loadshedding which added to the cost base.
The constrained local and global supply chains continued through the period but early decisions to
hold large stockholdings meant that all operations were able to meet customer requirements. This
situation, towards the end of the reporting period, started to ease which creates the opportunity to
look at reducing stockholding that will release cash.
Subsidiary Cognition Holdings Limited sold its majority share in Private Property South Africa
(Proprietary) Limited during the half year ended 31 December 2022, resulting in a profit on disposal
that had a marked impact on the earnings per share.
RESULTS
Shareholders are further advised that the Company is in the process of finalising its results for the
period concerned and it is expected that these results will be released on SENS no later than 20
March 2023.
RESPONSIBILITY STATEMENT
The financial information on which this trading statement is based has not been reviewed or reported
on by the Company’s auditors.
The board of directors of the Company accepts responsibility for the information contained in this
announcement and certifies that, to the best of its knowledge and belief, the information contained
in this announcement is true and nothing has been omitted which is likely to affect the importance of
the information.
By order of the board.
Johannesburg
1 March 2023
Sponsor
AcaciaCap Advisors Proprietary Limited
Date: 01-03-2023 12:35:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
