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RBX
RBX
RBX - Raubex - Trading Update In Respect Of The Year Ended 28 February 2008
RAUBEX GROUP LIMITED
(Previously Lexpub 49 Investments Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/023666/06)
Share Code: RBX & ISIN: ZAE000093183
("Raubex")
Trading update in respect of the year ended 28 February 2008
Shareholders are advised that Raubex anticipates an increase in both basic
and headline earnings per share for the year ended 28 February 2008 of
between 100% and 120%, as compared to the corresponding audited results for
the year ended 28 February 2007.
Shareholders are referred to the unaudited pro forma income statement
presented along with the audited annual financial results for the year ended
28 February 2007 ("the 2007 Pro Formas"). The 2007 Pro Formas represented
the effects of the group restructure on minority interests, as well as the
effects of the acquisition of SPH Kundalila (Proprietary) Limited, National
Asphalt (Proprietary) Limited and Milling Techniks (Proprietary) Limited.
Similarly, an unaudited pro forma income statement for the year ended 28
February 2008 ("the 2008 Pro Formas") will be presented together with the
financial results announcement for the current financial year ending 28
February 2008. The 2008 Pro Formas will include the effect of the
acquisitions of Space Construction (Proprietary) Limited, B&E International
Holdings (Proprietary) Limited, Thaba Bosiu Construction (Proprietary)
Limited and Zamori Construction (Proprietary) Limited, under the assumption
that the earnings of these businesses had been incorporated into the results
of Raubex from 1 March 2007.
Based on the assumptions set out above, it is anticipated that the increase
in both basic and headline earnings per share for the 2008 Pro Forma period
will be between 60% and 80% when compared to the corresponding pro forma
basic and headline earnings per share for the 2007 Pro Forma period.
Shareholders are advised that this pro forma financial information has not
been reviewed or reported on by the Company`s auditors. The release of the
final results for the year ended 28 February 2008 is expected to be
published on or about 19 May 2008.
Centurion
15 April 2008
Sponsor
Investec Bank Limited
Date: 15/04/2008 13:15:01 Produced by the JSE SENS Department.
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