PSG/PGFP - PSG Group / PSG Financial Services - Trading Statement
Incorporated in the Republic of South Africa
Registration number 1970/008484/06
JSE share code: PSG ISIN: ZAE000013017
PSG Financial Services Limited
Incorporated in the Republic of South Africa
Registration number 1919/000478/06
JSE share code: PGFP ISIN code: ZAE000096079
PSG continues to use the recurring headline earnings method to provide
management and investors with a more realistic and transparent way of evaluating
PSG's earnings performance. Consolidated recurring headline earnings represent
the sum of PSG's effective interest in that of each strategic investment,
regardless of its percentage shareholding. The result is that investments in
which PSG or an underlying investment holds less than 20% and are generally not
equity accountable in terms of accounting standards, are included in the
calculation of our consolidated recurring headline earnings. Marked-to-market
fluctuations and one-off items are excluded.
In terms of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes aware that the
financial results for the next period to be reported on will show a 20% or more
difference from those of the previous corresponding period.
PSG hereby advises that a reasonable degree of certainty exists that, for the
year ended 29 February 2012:
- recurring headline earnings will be between 308 cents and 310 cents per
share or between 27.3% to 28.2% higher; and
- headline earnings will be between 325 cents and 327 cents per share or
between 6.0% to 6.6% higher; and
- attributable earnings will be between 403 cents and 406 cents per share or
between 4.3% to 5.0% lower
than that for the year ended 28 February 2011.
This financial information has not been reviewed and reported on by the auditor
of PSG Group Limited. The results for the year ended 29 February 2012 will be
published on or about 16 April 2012.
13 April 2012
PSG Capital
Sponsor to PSG
Date: 13/04/2012 17:23:01 Produced by the JSE SENS Department.
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