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

GRAND PARADE INVESTMENTS LIMITED - Trading Statement

Release Date: 09/09/2024 14:30
Code(s): GPL     PDF:  
Wrap Text
Trading Statement

GRAND PARADE INVESTMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
("GPI", "the Group" or "the Company")

TRADING STATEMENT

GPI is currently finalising its results for the year ended 30 June 2024, which will be published
on or about 23 September 2024.

In terms of the JSE Limited Listings Requirements, a listed company is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
period to be reported on next will differ by 20% or more from the financial results for the
previous corresponding period.

The Company hereby advises that a reasonable degree of certainty exists that for the year
ended 30 June 2024:

    -   headline earnings per share for the Group will be between 18.94 cents and 19.46
        cents, representing an improvement of between 640% and 660% compared to the
        headline earnings per share for the group of 2.56 cents reported for the year ended 30
        June 2023; and

    -   earnings per share for the Group will be between 16.79 cents and 17.49 cents,
        representing an improvement of between 574% and 594% compared to the loss per
        share for the Group of 3.54 cents reported for the year ended 30 June 2023.

The considerable improvement in the earnings per share and headline earnings per share for
the current reporting period is mainly due to the reduction of the costs of the restructuring
transactions associated with exit of the non-core investments of the Group in the prior year.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company.

Cape Town
9 September 2024

Sponsor
PSG Capital

Date: 09-09-2024 02:30:00
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.