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CA SALES HOLDINGS LIMITED - Trading Statement

Release Date: 26/02/2024 15:00
Code(s): CAA     PDF:  
Wrap Text
Trading Statement

CA SALES HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2011/143100/06
Registered as an external company in the Republic of Botswana
Botswana registration number: BW00001085331
JSE Limited ("JSE") share code: CAA
Botswana Stock Exchange ("BSE") share code: CAS-EQO
ISIN: ZAE400000036
("CA&S" or the "Company") 



                                              TRADING STATEMENT


In terms of the JSE Listings Requirements, a listed company is required to publish a trading statement as soon as it
becomes reasonably certain that the headline earnings per share ("HEPS") and/or earnings per share ("EPS") for the
next period to be reported on will differ by 20% or more from the financial results for the previous corresponding period.

In terms of the BSE Listings Requirements, a listed company is required to publish a cautionary announcement as soon
as it becomes reasonably certain that the HEPS and/or EPS for the next period to be reported on will differ by at least
10% from the financial results for the previous corresponding period. Shareholders on the Botswana share register
should thus exercise caution when trading in the Company's securities.

The Company hereby advises that a reasonable degree of certainty exists that for the year ended 31 December 2023:

-    HEPS will be between 96.2 cents and 100.1 cents, representing an increase of between 23% and 28% compared to
     the HEPS of 78.2 cents reported for the year ended 31 December 2022; and

-    EPS will be between 123.3 cents and 127.2 cents, representing an increase of between 57% and 62% compared to
     the EPS of 78.5 cents reported for the year ended 31 December 2022.

HEPS increased due to good organic growth from all the operations as well as the successful onboarding of new clients.

EPS increased by a larger margin than HEPS mainly as a result of a gain on bargain purchase entry of R123.6 million,
arising from the January 2023 acquisition of the T&C Group in Namibia, which was excluded from headline earnings in
the reporting period.

The financial information on which this trading statement is based has not been reviewed or reported on by the auditor
of the Company. The results for the year ended 31 December 2023 are expected to be published on or about
27 March 2024.

The Company has a dual primary listing on the JSE and the BSE.


BY ORDER OF THE BOARD OF DIRECTORS OF CA&S

Centurion
26 February 2024


JSE Sponsor
PSG Capital


BSE Sponsoring Broker
Imara Capital Securities        

Date: 26-02-2024 03:00:00
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