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ONELOGIX GROUP LIMITED - Trading statement

10 January 2019 - 14:01 PM
OLG
Trading statement

ONELOGIX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
JSE share code: OLG   ISIN: ZAE000026399
("OneLogix" or "the company" or "the group")


TRADING STATEMENT


Shareholders are advised that OneLogix expects changes in earnings and diluted earnings per share ("EPS"),
headline and diluted headline earnings per share (HEPS) and core headline and diluted core headline earnings
per share ("Core HEPS"), for the six month period ended 30 November 2018 ("current period"), within the ranges
reflected in the table below:

                                                30 November 2017        30 November 2018         2018 expected
                                                (cents per share)       expected range           range
                                                                                                 (cents per share)
 EPS 1                                          39.2                    Decrease of between      24.6 to 26.6
                                                                        33% to 37%
 EPS (continuing operations)                    24.6                    Increase of between      24.6 to 26.6
                                                                        0% to 8%
 EPS (discontinued operation)                   14.6                    Decrease of 100%         0.0
 HEPS                                           20.0                    Increase of between      24.6 to 26.6
                                                                        23% to 33%
 Core HEPS 2                                    23.3                    Increase of between      27.8 to 29.8
                                                                        19% to 28%
Notes:

1.       EPS has decreased from the previous period due to the following two once-off transactions concluded in the
         prior period:

         -   Included in the prior period EPS from continuing operations is the R12,7 million after tax profit, equating
             to 5 cents per share, realised from the sale and leaseback transaction in respect of the Umlaas Road
             properties in KwaZulu-Natal.

         -   The prior period EPS from discontinued operations relates entirely to the R36,5 million after tax profit
             realised on the disposal of the company's 49% minority interest in DriveRisk Proprietary Limited.

2.       Consistent with prior reporting the company aims to present to shareholders the same information that
         management utilises to evaluate the performance of the group's operations. Accordingly, we present Core
         HEPS, which is headline earnings (as calculated based on SAICA Circular 4/2018) adjusted for the
         amortisation charge of intangible assets recognised on business combinations and charges relating to share-
         based payments.

The estimated financial information contained in this announcement has not been audited, reviewed or reported upon by 
the group's external auditors.

The group's interim results for the six month period ended 30 November 2018 are scheduled to be released on or about 
7 February 2019.


10 January 2019


Sponsor
Java Capital

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