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ONELOGIX GROUP LIMITED - Trading statement

Release Date: 05/08/2019 11:46
Code(s): OLG     PDF:  
Wrap Text
Trading statement

ONELOGIX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
JSE share code: OLG   ISIN: ZAE000026399
("OneLogix" or "the company" or "the group")


TRADING STATEMENT


Shareholders are advised that OneLogix expects movements in earnings and diluted earnings per share ("EPS"),
headline and diluted headline earnings per share ("HEPS") and core headline and diluted core headline earnings
per share ("Core HEPS"), for the year ended 31 May 2019, within the ranges reflected in the table below:

                                           31 May 2018          31 May 2019 expected range              31 May 2019
                                      (cents per share)                                              expected range
                                                                                                  (cents per share)
EPS 1                                             52.7       Decrease of between 26% to 32%            35.7 to 39.1
EPS (continuing operations)                       38.0     Decrease of 6% to increase of 3%            35.7 to 39.1
EPS (discontinued operation)                      14.7                     Decrease of 100%                     0.0
HEPS                                              33.7        Increase of between 6% to 16%            35.7 to 39.1
Core HEPS 2                                       40.2        Increase of between 4% to 14%            41.8 to 45.8

Notes:

1.   EPS has decreased from the previous year due to the following two once-off transactions concluded in the prior year:

     -   Included in the prior year EPS from continuing operations is the R12,7 million after tax profit, equating to
         5 cents per share, realised from the sale and leaseback transaction in respect of the Umlaas Road properties
         in KwaZulu-Natal; and

     -   The prior year EPS from discontinued operations relates entirely to the R36,5 million after tax profit realised 
         on the disposal of the company's 49% minority interest in DriveRisk Proprietary Limited.

2.   Consistent with prior reporting, the company aims to present to shareholders the same information that management 
     utilises to evaluate the performance of the group's operations. Accordingly, we present Core HEPS, which is headline 
     earnings (as calculated based on SAICA Circular 4/2018) adjusted for the amortisation charge of intangible assets 
     recognised on business combinations and charges relating to equity settled share-based payments.

The estimated financial information contained in this announcement has not been audited, reviewed or reported upon by the 
group's external auditors.

The group's audited results for the year ended 31 May 2019 are scheduled to be released on or about 29 August 2019.

5 August 2019


Sponsor
Java Capital 
Date: 05/08/2019 11:46:00
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