To view the PDF file, sign up for a MySharenet subscription.

STEFANUTTI STOCKS HOLDINGS LIMITED - Trading Statement

Release Date: 14/11/2024 14:05
Code(s): SSK     PDF:  
Wrap Text
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 2024.

In line with the Restructuring Plan, the group initiated a disposal program to include the sale of 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 prior period will be
restated to reflect continuing and discontinued operations in accordance with International Financial Reporting
Standards.

Incorporating this reclassification and in respect of continuing operations, earnings per share is expected to
reflect a profit of between 29,43 cents and 30,92 cents per share representing an improvement of between
495% and 515% on the restated loss of 7,45 cents per share for the comparative prior period. Similarly,
headline earnings per share is expected to reflect a profit of between 27,42 cents and 29,76 cents per share
representing an improvement of between 335% and 355% on the restated loss of 11,67 cents per share for
the comparative prior period.

In respect of total operations (comprising both continuing and discontinued operations), earnings per share is
expected to reflect a profit of between 1,57 cents and 1,82 cents per share representing an improvement of
between 230% and 250% on the loss of 1,21 cents per share for the comparative prior period. Similarly, total
headline earnings per share is expected to reflect a profit of between 11,21 cents and 15,69 cents per share
representing an improvement of between 150% and 170% on the loss of 22,41 cents per share for the
comparative prior period.

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

The release of the results for the period ended 31 August 2024 is anticipated to be published on 26
November 2024.

Johannesburg
14 November 2024
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 14-11-2024 02:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.