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AYO TECHNOLOGY SOLUTIONS LIMITED - Trading Statement for the Six Months Ended 28 February 2019

Release Date: 28/03/2019 15:10
Code(s): AYO     PDF:  
Wrap Text
Trading Statement for the Six Months Ended 28 February 2019

AYO TECHNOLOGY SOLUTIONS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1996/014461/06
JSE share code: AYO
ISIN ZAE000252441
(“AYO” or the “Group” or the “Company”)


TRADING STATEMENT FOR THE SIX MONTHS ENDED 28 FEBRUARY 2019


In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a
company is required to publish a trading statement as soon as it becomes aware that the
financial results for the financial period to be reported on next will vary by 20% or more from
those of the previous corresponding period.
Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that
for the six months ended 28 February 2019:

•   The Group expects to report profit after tax (“PAT”) of between R202 million and
    R215 million, representing an increase of between 206% and 226%, compared to PAT of
    R66 million reported for the six months ended 28 February 2018;

•   The Group expects to report basic earnings per share (“EPS”) of between 54.88 and 58.41
    cents per share, representing an increase of between 210% and 230%, compared to EPS
    of 17.68 cents per share reported for the six months ended 28 February 2018; and

•   The Group expects to report headline earnings per share (“HEPS”) of between 54.93 and
    58.40 cents per share, representing an increase of between 216% and 236%, compared
    to HEPS of 17.36 cents per share reported for the six months ended 28 February 2018.

The increase in EPS and HEPS compared to the prior interim period is primarily as a result of
organic growth as well as the positive contributions from a recently acquired subsidiary and
investments made during the current interim period.
The financial information on which this trading statement is based has not been reviewed or
reported on by AYO’s auditors.
The Group is in the process of finalising its financial results for the six months ended
28 February 2019, which are scheduled to be released on SENS on or about 1 April 2019.


Cape Town
28 March 2019

Joint Sponsor
Vunani Capital

Joint Sponsor
Merchantec Capital

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