CA Sales Holdings Limited (CAS.bw) Q22022 Interim Report
In terms of the JSE Limited (“JSE”) Listings Requirements, a listed company is required to publish a trading statement as soon as it becomes reasonably certain that the headline earnings per share (“HEPS”) and/or earnings per share (“EPS”) for the next period to be reported on will differ by 20% or more from the financial results for the previous corresponding period.
In terms of the Botswana Stock Exchange (“BSE”) Listings Requirements, a listed company is required to publish a cautionary announcement as soon as it becomes reasonably certain that the HEPS and/or EPS for the next period to be reported on will differ by at least 10% from the financial results for the previous corresponding period.
The Company hereby advises that a reasonable degree of certainty exists that for the six months ended 30 June 2022:
- HEPS will be between 28.95 cents and 31.03 cents, representing an increase of between 39% and 49% compared to the HEPS of 20.83 cents reported for the six months ended 30 June 2021; and
- EPS will be between 29.35 cents and 31.29 cents, representing an increase of between 51% and 61% compared to the EPS of 19.44 cents reported for the six months ended 30 June 2021.
HEPS increased mainly due to the improved trading environment during the first six months of 2022, compared to the first half of the prior year, which was plagued with trade restrictions on liquor products.
EPS increased by a larger margin than HEPS mainly as a result of a goodwill impairment entry of R6.6m in the prior year which was not included in prior year headline earnings.
The financial information on which this trading statement is based has not been reviewed or reported on by the auditor of the Company. The results for the six months ended 30 June 2022 are expected to be published on or about 5 September 2022.
The Company has a dual primary listing on the BSE and the JSE.
BY ORDER OF THE BOARD OF DIRECTORS OF CA&S
5 August 2022