Ibex Investment Holdings Limited, formerly known as Steinhoff Investment Holdings Limited and a prominent player in the South African market, has released a trading statement, providing a glimpse into its anticipated financial performance for the year ending 30 September 2023.
In accordance with the JSE Limited Listings Requirements, Ibex Investment Holdings is required to issue a trading statement when there is a reasonable certainty that the financial results for the upcoming reporting period will differ by more than 20% from those of the previous corresponding period.
Management’s review has indicated, with a reasonable degree of certainty, the following projections for Ibex Investments:
| Metric | Expected Range | Change from Previous Period |
|---|---|---|
| Earnings per Ordinary Share | 19.0 cents to 29.00 cents | Decrease of 100% |
| Headline Earnings per Ordinary Share | 940.0 cents to 1 423.0 cents | Decrease of 95% to 96% |
It is crucial to note that the financial information forming the basis of this trading statement has not undergone review or reporting by Ibex Investments’ auditors. Investors are advised to exercise caution until the official release of audited financial statements.
Ibex Investments plans to release its financial results for the year ending 30 September 2023 on the Stock Exchange News Service (SENS) on or about 14 December 2023. This official announcement will provide a more comprehensive view of the company’s financial health, offering stakeholders a deeper understanding of the factors contributing to the projected decrease in earnings.
The trading statement from Ibex Investment Holdings raises important questions about the company’s financial performance, prompting investors to await the release of the official financial results for a comprehensive understanding of the factors influencing the projections. The South African market will be closely watching for further developments and insights from the company’s leadership.
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