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ADVANCED HEALTH LIMITED - Trading Statement

Release Date: 27/08/2019 15:30
Code(s): AVL     PDF:  
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Trading Statement

ADVANCED HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/059246/06)
(“the Company” or “Advanced Health”)
ISIN Code: ZAE000189049            JSE Code: AVL


TRADING STATEMENT


In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg Stock Exchange, listed
companies are required to publish a trading statement as soon as they become reasonably certain that the
financial results for the next period to be reported on will differ by more than 20% from those of the previous
corresponding period.

Shareholders are advised that Advanced Health expects to report a net loss after taxation, as per the
unaudited financial results for the year ended 30 June 2019, of R37.99 million compared to a loss of R36.25
million for the comparative year ended 30 June 2018 (this equates to a 5% increase in the net loss after tax).

The Company expects a loss per share of 15.51 cents and headline loss per share of 10.84 cents for the year
ended 30 June 2019 compared to a loss per share of 14.12 cents and headline loss per share of 14.12 cents
for the comparative year ended 30 June 2018 (this equates to a 10% increase in the loss per share and 23%
improvement in headline loss per share).

Presmed Australia made a decision on 5 February 2019 to sell one of its loss-making subsidiaries, Coffs
Harbour Day Hospital. This has resulted in an increase in the loss for Advanced Health by R13.45 million which
is the loss from the discontinued operation.

The information in this trading statement has not been reviewed and reported on by the Company’s auditors.

The Company’s final results for the period ended 30 June 2019 are anticipated to be released on or about
29 August 2019.

Pretoria
27 August 2019

Designated Advisor
Grindrod Bank Limited

Date: 27/08/2019 03:30:00
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