DEL - Delta Electrical Industries Limited - Updated Trading Statement
DEL
DEL
DEL - Delta Electrical Industries Limited - Updated Trading Statement
Delta Electrical Industries Limited
Incorporated in the Republic of South Africa
(Registration number 1919/006020/06)
Share code: DEL & ISIN: ZAE000002036
("Delta")
UPDATED TRADING STATEMENT
Delta shareholders are referred to the trading statement released on SENS on 23
June 2008 in which shareholders were advised that:
"Earnings and headline earnings before taxation for the six months ending 27
June 2008 are forecast to be between R40 million and R46 million (2007: Losses
and headline losses before taxation of R31 million). Earnings per share for the
six months ending 27 June 2008 are forecast to be between 63 cents and 75 cents
(2007: Loss per share of 60.8 cents). Headline earnings per share are forecast
to be between 57 cents and 69 cents (2007: Headline loss per share of 60.8
cents)."
Shareholders are now advised that more recent trading and financial forecasts
now reflect that:
With sales volumes at period end exceeding earlier expectations, earnings and
headline earnings before taxation for the six months ending 27 June 2008 are
forecast to be between R46 million and R52 million (2007: Losses and headline
losses before taxation of R31 million). Earnings per share for the six months
ending 27 June 2008 are forecast to be between 74 cents and 86 cents (2007: Loss
per share of 60.8 cents). Headline earnings per share are forecast to be between
68 cents and 80 cents (2007: Headline loss per share of 60.8 cents).
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by Delta`s auditors. Delta`s results for the
six months ending 27 June 2008 are expected to be released on or about 11 August
2008.
Johannesburg
24 July 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24/07/2008 14:00:02 Produced by the JSE SENS Department.
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