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4SIGHT HOLDINGS LIMITED - Further Trading Statement

Release Date: 27/03/2019 09:14
Code(s): 4SI     PDF:  
Wrap Text
Further Trading Statement

4SIGHT HOLDINGS LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: C148335 C1/GBL)
(“4Sight” or “the Company”)
ISIN Code: MU0557S00001       JSE Code: 4SI

FURTHER TRADING STATEMENT


Following the initial trading statement published on 22 March 2019, shareholders are further advised of the
following:

Comparison against prior period:
-     The earnings and headline earnings per share for the prior year ended 31 December 2017 was USD
      0.51 cents per share and USD 0.50 cents per share respectively, based on 360 695 468 shares in issue.
-     The headline earnings per share for the year ended 31 December 2018 is expected to be USD1.13
      cents per share, 126% higher than the USD 0.50 cents per share for the prior comparative period
      based on 486 807 063 weighted average shares in issue.
-     The loss per share for the year ended 31 December 2018 is expected to be USD 0.25 cents, 149%
      lower than the USD 0.51 cents per share for the prior comparative period based on 486 807 063
      weighted average shares in issue. As previously announced, this is mainly due to once off
      impairments, including the impairment of goodwill on two of the acquisitions which have not met
      their profit warranty for the year ended 31 December 2018, with the remainder of the acquisitions
      achieving their profit warranties.

Comparison against the revised profit forecast:
-     The forecast earnings per share and headline earnings per share for the year ending 31 December
      2018 as detailed in the revised profit forecast was USD 0.67 cents per share based on 455 048 276
      weighted average shares in issue;
-     The headline earnings per share for the year ended 31 December 2018 is expected to be 68.7%
      higher than the revised profit forecast based on 486 807 063 weighted average shares in issue.
-     The loss per share for the year ended 31 December 2018 is expected to be 137.3% lower than the
      revised profit forecast based on 486 807 063 weighted average shares in issue for the reasons
      mentioned above.

Shareholders are reminded that the Company is a Mauritian company and reports in US Dollars.

4Sight is currently in the process of finalising its audited results for the 12 months ended 31 December 2018.
These will be announced on SENS on or about 27 March 2019.

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

Mauritius
27 March 2019

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 27/03/2019 09:14:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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