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STEFANUTTI STOCKS HOLDINGS LIMITED - Trading statement

Release Date: 12/11/2020 12:59
Code(s): SSK     PDF:  
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Trading statement

Stefanutti Stocks Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/003767/06)
Share code: SSK         ISIN: ZAE000123766
(“Stefanutti Stocks” or “the group”)


TRADING STATEMENT


In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, the board of directors of
Stefanutti Stocks hereby provides shareholders with a trading update of the group’s results for the six
months ended 31 August 2020.


In line with the Restructuring Plan, the group has initiated a disposal program to sell certain operations which
have accordingly been classified as discontinued operations. These disposals are expected to be concluded
within the next 12 months. Consequently, the results for the comparative six months ended 31 August 2019
will be restated to reflect continuing and discontinued operations in accordance with International Financial
Reporting Standards.


As a result of this reclassification, earning per share (EPS) and headline earnings per share (HEPS) in respect
of continuing operations are expected to be a loss of between 70,00 cents and 120,00 cents per share
respectively. The corresponding 2019 reporting period will reflect restated EPS and HEPS to be a loss of
543,69 cents and 528,32 cents respectively.


Total earnings per share (total EPS) and total headline earnings per share (total HEPS) (comprising both
continuing and discontinued operations) are expected to be a loss of between 120,00 cents and 170,00 cents
per share respectively. The corresponding 2019 reporting period reflected total EPS and total HEPS to be a
loss of 622,35 cents and 607,72 cents respectively.


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


The financial results for the six months ended 31 August 2020 are anticipated to be published
on 26 November 2020.




Johannesburg
12 November 2020
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 12-11-2020 12:59:00
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