SKJ
SKJ
SKJ - Sekunjalo - Trading Statement - Profit Update
Sekunjalo Investments Limited(Incorporated in the Republic of South
Africa)(Registration number 1996/006093/06)Share code: SKJ & ISIN:
ZAE000017893("Sekunjalo" or "the company")
TRADING STATEMENT - PROFIT UPDATE
UPDATE OF SEKUNJALO INTERIM RESULTS
In terms of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it is satisfied that a
reasonable degree of certainty exists that its financial results for the next
reporting period will differ by 20% or more from those of the corresponding
period of the previous year. The Board of Directors of Sekunjalo accordingly
advises that they expect a headline loss per share and negative earnings per
share for the six months ended 29 February 2008 to be between 4.45c to 5.35c and
7.60c to 9.20c per share respectively. The interim results for the half year
have been negatively impacted largely due to the seasonality of Fishing and a
reclassification of the Group`s Biotechnology interest. The Biotechnology
interest which previously was treated as an Investment and accounted for as such
is now reclassified as an Associate due to the group obtaining a significant
influence over the business. Consequently, fair valuation adjustments through
the income statement will now be eliminated on consolidation and thus not impact
on the group Income Statement. It is anticipated that the financial results of
Sekunjalo for the six months ended 29 February 2008 will be released on or about
13th May 2008. The financial information in this trading statement has not been
reviewed or reported on by Sekunjalo`s Auditors.
Cape Town
8 May 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/05/2008 10:47:01 Produced by the JSE SENS Department.
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