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 2008 are expected to be between 55% and 65% higher
than the comparative figure for the six months ended 31 March 2007. Earnings
per share are expected to be between 40% and 50% higher than the comparative
figure for the six months ended 31 March 2007.
A weaker rand exchange rate, higher selling prices and improved cold storage
occupancies are expected to result in improved profitability.
The main reason for the differential in the increase in earnings per share
and headline earnings per share is that, in the prior year, the former
included the profit on disposal of the abalone business, 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 2008. The rate of
growth in earnings in the second half of the year is expected to be lower
than in the first half.
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
2 April 2008
Sponsor
Standard Bank
Date: 02/04/2008 10:13:24 Produced by the JSE SENS Department.
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