ISA Holdings Limited has released an initial trading statement forecasting a substantial surge in earnings for the fiscal year ending February 29, 2024.
In accordance with the Listings Requirements of JSE Limited, ISA Holdings Limited is obligated to publish a trading statement when there is a reasonable certainty that the financial results for the upcoming period will differ by more than 20% from the previous corresponding period. A careful examination of the financial results for the year ended February 29, 2024, by the company’s management reveals an encouraging outlook.
| Financial Metric | 2023 Results (cents) | Expected Growth | Anticipated 2024 Results (at least) |
|---|---|---|---|
| Earnings per Share (EPS) | 14 | 20% | 16.8 or higher |
| Headline Earnings per Share (HEPS) | 14 | 20% | 16.8 or higher |
ISA Holdings Limited anticipates a growth rate of at least 20% in both Earnings per Share (EPS) and Headline Earnings per Share (HEPS) compared to the corresponding figures of 14 cents for the year ending February 28, 2023.
As the company progresses towards the end of the fiscal year, ISA Holdings Limited has expressed its commitment to providing stakeholders with transparent and timely updates. A subsequent trading statement is expected to be released once the company attains a greater degree of certainty regarding its financial results for the year ending February 29, 2024.
It is important to note that the financial information forming the basis of this trading statement has not undergone review or reporting by the company’s auditors. This signifies that the figures presented are subject to finalization and potential adjustments.
ISA Holdings Limited is pleased to be working alongside Merchantec Capital as its designated adviser, reinforcing the company’s commitment to adherence to regulatory standards and best practices.
ISA Holdings Limited’s optimistic trading statement underscores a positive trajectory in its financial performance, providing shareholders and the market with a glimpse of potential growth. The company’s dedication to transparent communication and adherence to regulatory requirements positions it as a reliable player in the South African business landscape.
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