Further Trading Statement
Further Trading Statement CSG HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2006/011359/06) Share code: CSG ISIN: ZAE000184438 (“CSG” or the “the Company”) FURTHER TRADING STATEMENT 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. Shareholders of CSG are referred to the initial trading statement issued on 22 June 2021 and are hereby advised that a reasonable degree of certainty exists that for the year ended 31 March 2021: • Basic earnings per share (“EPS”) will be between 8.56 cents and 10.12 cents representing an improvement of more than 100% as compared to the basic loss of 15.52 cents per share reported for the prior year; and • Headline earnings per share (“HEPS”) will be between 2.19 cents and 3.05 cents representing an improvement of more than 100%, as compared to the headline loss per share of 8.69 cents reported for the prior year. The EPS improvement was mainly due to the security division’s aggressive turnaround plan, the group’s cost-cutting initiatives implemented during lockdown, together with assistance received from government such as employee tax incentives (ETI) and Skills Development Levy (SDL) payment holidays. The EPS further increased due to the sale of the 7Arrows business and the related recognition of a profit on sale of business. A profit on sale of business was recorded due to the goodwill and intangibles written off in prior years. HEPS increased due to the same reasons noted above under EPS, with the biggest exception that the profit on sale of business has been excluded from HEPS. The financial information on which this trading statement is based, has not been reviewed or reported on by the Company´s external auditors. The reviewed results for the year ended 31 March 2021 is expected to be published on or about 30 June 2021. Pretoria 29 June 2021 Sponsor PSG Capital Date: 29-06-2021 05:45:00 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.