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INDEQUITY GROUP LIMITED - Trading Statement for the half-year ended 31 March 2018

Release Date: 20/04/2018 16:00
Code(s): IDQ     PDF:  
Wrap Text
Trading Statement for the half-year ended 31 March 2018

Indequity Group Limited
Incorporated in the Republic of South Africa
Registration number 1998/015883/06
Share code: IDQ
ISIN Code ZAE000016606
(“Indequity” or “the Group” or “the Company”)



TRADING STATEMENT FOR THE HALF-YEAR ENDED 31 MARCH 2018



Indequity is currently finalising its results for the six months ended
31 March 2018.

In terms of section 3.4(b) of the Listings Requirements of the JSE
Limited, companies are required to publish a trading statement as soon
as a reasonable degree of certainty exists that the financial results
for the period to be reported on next will differ by at least 20% from
those for the previous corresponding period.

Accordingly, Indequity shareholders are advised that:

- the Group's basic earnings per share (“EPS”) is expected to be between
28.00 and 29.00 cents per share, which is between 25% and 28% higher than
the previous corresponding period’s EPS of 22.66 cents per share; and

- the Group’s headline earnings per share (“HEPS”) is expected to be
between 30.00 and 31.00 cents per share, which is between 27% and 29%
higher than the previous corresponding period’s HEPS of 24.05 cents per
share.

 - the increase in EPS and HEPS is largely due to an increase in premium
income and an improved claims experience.


The financial information on which this trading statement is based has
not been reviewed or reported on by the Group’s auditors.


Johannesburg

20 April 2018

Sponsor:
KPMG Services (Pty) Ltd

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