SBV
SBV
SBV/SVN - Sabvest Limited - Trading statement
SABVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003753/06)
Ordinary shares : Share code: SBV ISIN: ZAE 000006417
N Ordinary shares: Share code: SVN ISIN: ZAE 000012043
("Sabvest")
TRADING STATEMENT
Shareholders are advised that the following results are expected for the six
months ended 30 June 2008:
2008 2007 Change
EPS 19,0 c 61,1 c -69%
HEPS 23,5 c 66,6 c -65%
DPS 3,0 c 3,0 c -
The reduction in earnings for the period is a result of the negative IFRS fair
value adjustment to the group`s three listed investments that are accounted for
on a fair value basis. This charge is a non-cash item and accordingly it is the
intention of the Board to maintain the interim dividend.
The group`s six associates have produced strong growth in earnings. Sabvest`s
share of their net income has increased by 74% relative to the comparable
interim period.
The figures contained in this trading statement have not been audited.
Unaudited interim results are expected to be published at the end of July 2008.
Sandton
15 July 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/07/2008 17:05:01 Produced by the JSE SENS Department.
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