IFH - IFA Hotels & Resorts Limited - Trading statement
IFH
IFH
IFH - IFA Hotels & Resorts Limited - Trading statement
IFA Hotels & Resorts Limited
(formerly Moribo Leisure Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1919/001318/06)
Share code: IFH
ISIN: ZAE000075669
("IFA" or "the company")
Trading statement
In terms of the Listings Requirements of JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the
financial results for the period to be reported on will differ by more than 20%
from that of the previous corresponding period. IFA is currently finalising
interim results for the six months ended 31 December 2007. Shareholders are
advised that the earnings per share and headline earnings per share will be
between 75% and 80% less than the previous corresponding period. The interim
results will be published in March 2008.
This movement is largely attributable to IFA`s capacity expansion as a result of
acquisitions like the Legends Golf and Safari Resort and in anticipation of
developments nearing approval, namely Zimbali Lakes, the Boschendal Estate and
OLIFA, the company`s developments in Namibia.
The directors believe that a solid foundation has been laid for long-term
sustainable growth and remain confident of the company`s growth prospects.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
6 February 2008
Zimbali
Sponsor to the company
BDO QuestCo (Pty) Ltd
Date: 06/02/2008 10:00:01 Produced by the JSE SENS Department.
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