Enhanced Investments - Financial Portal

Trading statement

Published: 2021-11-10 08:40:00 ET

Stefanutti Stocks Holdings Limited (JSE:SSK) News - 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 2021.

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, earning per share (EPS) and headline earnings per share (HEPS) in
respect of continuing operations are expected to reflect a loss of between 50,00 cents and 70,00 cents
per share respectively. The corresponding 2020 reporting period will reflect restated EPS and HEPS to
be a loss of 151,55 cents and 133,60 cents respectively.

Total earnings (comprising both continuing and discontinued operations) per share (total EPS) is
expected to reflect a loss of between 100,00 cents and 120,00 cents per share and total headline
earnings per share (total HEPS) is expected to reflect a loss of between 55,00 cents and 75,00 cents
per share. The corresponding 2020 reporting period reflected total EPS and total HEPS to be a loss of
147,06 cents and 128,42 cents respectively.

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 six months ended 31 August 2021 is anticipated to be published on
25 November 2021.


Johannesburg
10 November 2021
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 10-11-2021 10:40:00
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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.