OCE/OCG - Oceana Group Limited - Trading Statement
OCE
OCE
OCE/OCG - Oceana Group Limited - Trading Statement
Oceana Group Limited
(Registration number: 1939/001730/06)
JSE Share Code: OCE
NSX Share Code: OCG
ISIN: ZAE000025284
("Oceana" or "the Company")
TRADING STATEMENT
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE
Limited, shareholders are advised that headline earnings per share for the six
months ended 31 March 2007 are expected to be between 35% and 45% higher than
the comparative figure for the six months ended 31 March 2006. A weaker rand
exchange rate and higher selling prices partly offset by lower canned fish sales
resulted in improved profitability. The lower weighted average number of shares
in issue due to the shares held by the Khula Trust (formerly Oceana Group Black
Employee Share Trust) being treated as treasury shares also contributed to
higher headline earnings on a per share basis.
In addition, earnings per share are expected to be between 45% and 55% higher
than those for the six months ended 31 March 2006, mainly as a result of the
profit on disposal of Tuna Marine less impairment provisions raised.
Shareholders are advised that this increase does not necessarily give an
indication of earnings for the full year to 30 September 2007.
The forecast financial information on which this trading statement is based has
not been reviewed and/or reported on by the Company`s auditors.
Cape Town
11 April 2007
Sponsor
Standard Bank
Date: 11/04/2007 17:46:26 Produced by the JSE SENS Department.
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