28 May - 2 min read
Trading Update VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000110359 ("Vunani" or "the company") TRADING UPDATE In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, 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 period to be reported on will differ by 20% or more from the financial results for the previous corresponding period. Shareholders are advised that Vunani is in the process of finalising its results for the year ended 28 February 2021 and anticipates that it will report basic earnings per share of between 13.5 cents and 18.0 cents, compared to the 22.3 cents per share for the previous corresponding period, which represents an expected decrease of between 19% and 39%. Vunani anticipates that it will report headline earnings per share of between 11.0 cents and 11.1 cents compared to the headline earnings per share of 0.6 cents per share for the previous corresponding period, which represents an expected increase in excess of 100%. The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. The annual results for the year ended 28 February 2021 will be released on SENS on or about Monday 31st May 2021. The Company’s executive will make a virtual results presentation at 11:00am on the 1st of June 2021. Investors who wish to join the presentation should email their request to IR@Singular.co.za for the link. Sandton 28 May 2021 Designated Adviser Grindrod Bank Limited Date: 28-05-2021 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.