SBK - Standard Bank - Trading statement in respect of the year ended 31 December
SBK
SBK
SBK - Standard Bank - Trading statement in respect of the year ended 31 December
2007
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
South African Share Code: SBK
Namibian Share Code: SNB
ISIN: ZAE000057378
("Standard Bank" or "the group")
Trading statement in respect of the year ended 31 December 2007
Standard Bank`s results for the year ended 31 December 2007 will be released on
5 March 2008. In terms of the Listings Requirements of the JSE Limited, a listed
company is required to publish a trading statement as soon as a reasonable
degree of certainty exists that the financial results for the next reporting
period to be reported on will differ by at least 20% from those of the previous
corresponding period.
The group expects that growth in headline earnings per share and fully diluted
headline earnings per share on a normalised basis for the year ended 31 December
2007 is likely to be between 18% and 22% over the previous corresponding period.
Growth in basic earnings per share, calculated on a normalised basis, as well as
growth in headline earnings per share, fully diluted headline earnings per share
and basic earnings per share calculated on an IFRS basis, is likely to range
between 22% and 28%.
Results are normalised to reflect the legal and economic substance of the
group`s Black Ownership Initiative and deemed treasury shares held for the
benefit of Liberty Life policyholders.
The above information has not been reviewed or reported on by the group`s
auditors.
Johannesburg
20 February 2008
Independent sponsor
Deutsche Securities (SA) (Proprietary) Limited
Joint sponsor
Standard Bank
Date: 20/02/2008 07:56:27 Produced by the JSE SENS Department.
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