29 Jun - 2 min read

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.
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from CSG Holdings Limited (JSE:CSG) when you join Listcorp.