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Release Date: 25/01/2021 14:00
Code(s): OLG     PDF:  
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Trading Statement

(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”)


Shareholders are advised that OneLogix expects changes 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 six month period ended 30 November 2020 (“current period”), within the ranges
reflected in the table below:

                             Previously reported      30 November 2020 expected                    30 November 2020
                                30 November 2019      range                                          expected range
                               (cents per share)                                                   (cents per share)
 EPS                                        16.4      Decrease of between 35% to 42%                    9.5 to 10.5
 HEPS                                       17.0      Decrease of between 38% to 45%                    9.5 to 10.5
 Core HEPS 3                                20.1      Decrease of between 40% to 45%                   11.0 to 12.0

1.    The effects of the worldwide societal lockdown as a result of the Covid-19 pandemic were the prevailing
      issue facing the group during the current period. Subsequent emergency interventions instituted earlier in the
      calendar year continued well into the current period. The group also proceeded with its productivity driven
      restructure and refocussed intervention at OneLogix United Bulk, the costs of which are borne in the current
      period. OneLogix United Bulk was also subject to unprotected strike action in November 2020 which had a
      a significant impact on operations. Notwithstanding these factors, the 12 group businesses remain inherently
      relevant, each with a sound underlying business strategy, skilled resilient and innovative management teams
      and a strong customer base that will ensure sustainability.

2.    Once-off retrenchment costs of R8.8 million, equating to an after-tax earnings impact of 2.8 cents per share,
      were recognised during the current period. The retrenchment costs where predominantly incurred in the
      OneLogix VDS business.

3.    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 1/2019) adjusted for the
      amortisation charge of intangible assets recognised on business combinations and charges relating to 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 interim results for the current period are scheduled to be released on or about 18 February 2021.

25 January 2021

Java Capital

Date: 25-01-2021 02:00:00
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