GRF
GRF
GRF - Group Five - Trading Statement
GROUP FIVE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1969/000032/06)
Share code: GRF & ISIN: ZAE000027405
("Group Five" or "the group")
TRADING STATEMENT
Group Five shareholders are advised that, for the year ended 30th June 2008, the
group expects:
- Fully diluted headline earnings per share (HEPS) to be between 60%-70%
higher (373 cents per share to 396 cents per share); and
- Fully diluted earnings per share (EPS) to be between 50%-60% higher (360
cents per share to 384 cents per share),
than those published for the previous corresponding period
Note that the fully diluted HEPS numbers above include earnings resulting from a
sizeable fair value adjustment on service concessions (mainly on the realisation
of a tollroad concession in the second half of the financial year) as well as
normal pension fund surpluses. For comparative purposes, should all service
concession fair value adjustments and pension fund surpluses be excluded for the
year ended 30th June 2008 and for the prior comparable reporting period to 30th
June 2007, fully diluted HEPS are expected to be between 55%-65% higher.
The group`s results will be released on SENS on or about 11th August 2008 and
the annual report will be available on the same date.
Johannesburg
11 July 2008
Sponsor
Nedbank Capital
Date: 11/07/2008 11:30:01 Produced by the JSE SENS Department.
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