CRG
CRG
CRG - Cargo Carriers Limited - Trading Statement
CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("CRG" or "the group")
TRADING STATEMENT
Shareholders are advised that CRG`s headline earnings per share for the
year ended 28 February 2007 are expected to be 30% to 40% below the
headline earnings per share for the previous year. This decrease in
headline earnings per share has been brought about through abnormally high
operating costs due to poor climatic conditions experienced in the
agricultural sector, and increased interest and depreciation charges
resulting from the capital expenditure for fleet renewal. However, earnings
per share will decrease by less than 10% due to an increase in the value of
the property portfolio.
The financial information on which this trading statement is based has not
been reviewed nor reported on by CRG`s auditors. The final announcement of
results for the year ended 28 February 2007 is expected to be published on
or about 11 May 2007.
Johannesburg
09 May 2007
Sponsors
Arcay Moela Sponsors (Pty) Ltd
Date: 09/05/2007 16:00:01 Produced by the JSE SENS Department.
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