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STEFANUTTI STOCKS HOLDINGS LIMITED - Trading statement

Release Date: 15/05/2024 09:00
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 year ended
29 February 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 13,15 cents and 17,53 cents per share representing an improvement of between
160% and 180% on the restated loss of 21,91 cents per share for the comparative prior year. Headline earnings
per share is expected to reflect a loss of between 8,19 cents and 2,73 cents per share representing an
improvement of between 70% and 90% on the restated loss of 27,29 cents per share for the comparative prior
year.


In respect of total operations (comprising both continuing and discontinued operations), earnings per share is
expected to reflect a profit of between 8,72 and 10,46 cents per share representing an improvement of between
zero and 20% on the profit of 8,72 cents per share for the comparative prior year. Total headline earnings per
share is expected to reflect a loss of between 52,29 cents and 60,03 cents per share representing a
deterioration of between 35% and 55% on the loss of 38,73 cents per share for the comparative prior year.


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 year ended 29 February 2024 is anticipated to be published on 23 May 2024.


Johannesburg
15 May 2024
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 15-05-2024 09:00:00
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