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Release Date: 01/03/2021 14:20
Code(s): TLM     PDF:  
Wrap Text
Trading Statement

(Incorporated in the Republic of South Africa)
Registration number 2006/015734/06
Share code: TLM & ISIN Number: ZAE000093324
(“TeleMasters” or “the Company” or “the Group”)


In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE Limited (“JSE”),
listed companies are required to publish a trading statement as soon as they
become reasonably certain that the financial results for the period to be reported on
next will differ by at least 20% from those of the previous corresponding period or
from a profit forecast previously provided to the market in relation to such period.

Shareholders are advised that for the six months ended 31 December 2020, the
Company expects to report earnings/(loss) per share and headline earnings/(loss)
per share of between 0.31 cents per share (“cps”) and (0.47) cps, being between
92% and 112% lower than the earning per share and headline earnings per share of
3.90 cps reported for the comparative period ended 31 December 2019.

The decrease is attributable to changing usage behaviour amongst corporate users
that decentralised office staff and an increase in operational expenses due to:
   (i)   the group continuing to invest substantially in business areas with good
         growth potential;
   (ii)  larger loss allowance provisions on trade receivables reflecting expectations
         in the general economy; and
   (iii) a specific provision for a large project which was delayed. Given current
         circumstances it was decided to follow a conservative approach in respect

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

Waterfall City
1 March 2021

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 01-03-2021 02:20:00
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