SAT
SAT
SAT - SA Reit Limited - Trading Statement
SA REIT Limited
(formerly Shops for Africa Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2000/018084/06)
ISIN: ZAE000104196 JSE share code: SAT
("SA REIT" or "the company")
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are reasonably certain that the
financial results for the current reporting period will be more than 20%
different than that of the previous corresponding period or a profit forecast
previously provided for such period.
In light of the above, SA REIT expects to announce basic earnings per share and
headline earnings per share for the six months ended 29 February 2008 that will
be 260% to 270% higher and 45% to 55% higher than that of the forecast earnings
and headline earnings per share for the interim period of 0.9 cents ("the
forecast information") respectively.
The increase in basic earnings per share is due to the realised profit on
available-for-sale investments of R12.1m earned in this interim period.
The forecast information is that information pertaining to the 6 months ending
29 February 2008, forming part of the forecast for the 12 months ending 31
August 2008, as set out in the circular to shareholders dated 5 September 2007.
The above information has not been reviewed or reported on by the company`s
auditors and the company`s results for the six months ended 29 February 2008 are
expected to be published on or about 24 April 2008.
Cape Town
10 April 2008
Sponsor
Nedbank Capital
Date: 10/04/2008 11:10:51 Produced by the JSE SENS Department.
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