STA - Stratcorp Limited - Updated trading statemen
STA
STA
STA - Stratcorp Limited - Updated trading statement
Stratcorp Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/031842/06)
(JSE code: STA ISIN: ZAE000034294)
("StratCorp" or "the company")
UPDATED TRADING STATEMENT
Shareholders are referred to the updated trading statement released on 12 May
2008, where shareholders were advised that the company`s earnings and headline
earnings per share for the year ended 29 February 2008 were expected to be
between 23 cents and 25 cents per share for basic earnings and headline earnings
per share, representing an increase of between 35% and 45% over the respective
earnings and headline earnings per share for the year ended 28 February 2007.
Following the completion of the audit for the year ended 29 February 2008,
shareholders are advised that the earnings and headline earnings per share will
in fact be between 7.0 cents and 7.5 cents per share, representing a decrease of
between 56% and 60% over the respective earnings and headline earnings per share
for the year ended 28 February 2007.
The reasons for the decrease in earnings and headline earnings per share from
the previous figures disclosed in the trading statement of 12 May 2008, is due
to the reclassification of investment properties as construction contracts work
in progress, and an impairment of trade receivables.
The financial information, on which this trading statement is based, has not
been reviewed or reported on by the company`s auditors.
15 May 2008
Designated Adviser
Vunani Corporate Finance
Date: 15/05/2008 08:27:01 Produced by the JSE SENS Department.
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