PURPLE GROUP LIMITED - Trading statement and update for the six months ended 28 February 2017

2017-04-21 17:00:00

PPE 201704210042A
Trading statement and update for the six months ended 28 February 2017

Purple Group Limited

(Incorporated in the Republic of South Africa)

(Registration number 1998/013637/06)

Share code: PPE ISIN: ZAE000185526

(“Purple Group” or “the Company”)

TRADING STATEMENT AND UPDATE FOR THE SIX MONTHS ENDED 28 FEBRUARY 2017

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading
statement as soon as the issuer and its directors are satisfied that there is a reasonable degree of certainty that the
financial results for the next reporting period will differ by at least 20% from those of the previous corresponding
period.


Shareholders are accordingly advised that for the six months ended 28 February 2017, the directors of Purple Group
anticipate a basic loss per share and headline loss per share of between 5.50 cents to 5.54 cents, compared to basic
earnings per share (“EPS”) and headline earnings per share (“HEPS”) of 1.29 cents, representing a decrease in EPS
and HEPS of between 426.4% and 429.5%, reported in the previous corresponding six month period.


Trading update
Towards the end of February 2017 management took the decision to reduce the carrying value of the Group’s
investment in Real People Investment Holdings Limited (“RPIH”), due to a change in circumstances at RPIH. A net
write down of R42.9 million before tax and R33.3 million after tax has been included in the results for the six months
ended 28 February 2017.


The remainder of the operations have performed in line with the last six months of the year ended 31 August 2016,
with most of the brands still operating in tough market conditions, apart from EasyEquities, which continues to show
strong growth.


The information above has not been audited or reported on by the Company’s auditors.


The Company’s interim results for the six months ended 28 February 2017 are expected to be published on SENS on
or about 24 April 2017.


Johannesburg
21 April 2017
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

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