SLO - Southern Electricity Company Limited - Tradi
SLO
SLO
SLO - Southern Electricity Company Limited - Trading Statement
Southern Electricity Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/006894/06)
Share code: SLO ISIN: ZAE000041919
("SELCo" or "the company")
TRADING STATEMENT
In terms of paragraph 3.4 (b) of the JSE Listings Requirements, SELCo is
required to issue a trading statement as soon as it is satisfied that a
reasonable degree of certainty exists that the financial results for the period
to be reported on next will differ by at least 20% from the financial results of
the previous corresponding period.
Shareholders are notified that the company`s year-end results, being earnings
and headline earnings per share, for the year ended 30 June 2007 are expected to
be 72% to 82% lower than the earnings and headline earnings per share for the
corresponding period being the year ended 30 June 2006. This was as a result of
non-recurring, once-off expenditure relating to a significant increase in audit
fees occasioned by the IFRS conversion, together with the knock-on effects of a
postponement of maintenance expenditure at the request of the Electricity
Control Board of Namibia which led to increased repair costs.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors. The results for the year-
ended 30 June 2007 are expected to be published on or about Friday, 14 September
2007.
Johannesburg
6 September 2007
Designated Advisor: Bridge Capital Advisors (Pty) Limited
Date: 06/09/2007 13:40:15 Produced by the JSE SENS Department.
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