Tiso Blackstar Group SE Trading Statement (7446H)
March 14 2018 - 10:00AM
UK Regulatory
TIDMTBGR
RNS Number : 7446H
Tiso Blackstar Group SE
14 March 2018
Tiso Blackstar Group SE
(Incorporated in England and Wales)
(Company number SE 000110)
(Registered as an external company with limited liability in the
Republic of South Africa under registration number
2011/008274/10)
LSE Ticker: TBGR
JSE Share code: TBG
ISIN: GB00BF37LF46
("Tiso Blackstar" or the "Group")
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, issuers are
required to publish a trading statement as soon as they are
satisfied that a reasonable degree of certainty exists that the
financial results for the period to be reported on will differ
positively by at least 20% from those of the prior comparative
period.
Shareholders are therefore advised that Tiso Blackstar is
expecting to report the following for the six month period ended 31
December 2017 ("Results"):
-- basic earnings per share ("EPS") and diluted EPS of between
17.84 cents and 21.34 cents, compared to 17.50 cents for the prior
comparative period, which is an increase of between 1.9% and
21.9%;
-- basic and diluted EPS from continuing operations of between
17.88 cents and 20.47 cents compared to 12.95 cents for the prior
comparative period, which is an increase of between 38.1% and
58.1%; and
-- basic and diluted headline earnings per share of between
19.96 cents and 20.57 cents, which represents an increase compared
to the 3.05 cents of the prior comparative period.
The Group's core businesses, Media and related operations,
performed exceptionally well under tough trading conditions,
delivering a mix of sustainable new revenue streams and tight cost
management. The core businesses delivered combined growth in
earnings and revenue and are well placed to benefit from the
improving economic climate.
Shareholders are advised that the financial information, on
which this trading statement is based, has not been reviewed and
reported on by the Group's external auditors. The Results are
expected to be released on SENS on or about 28 March 2018.
London
14 March 2018
For further information, please contact:
Tiso Blackstar Group +44 (0) 20 7887
SE Leanna Isaac 6017
Northland Capital Partners +44 (0) 20 3861
Limited Tom Price 6625
+27 (0) 11 550
JSE Sponsor: One Capital Sholto Simpson 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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