| Thu 25 Sep 2008, 11:00 | | ERB - Erbacon Investment Holdings Limited - Trading Update |
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ERB
ERB
ERB - Erbacon Investment Holdings Limited - Trading Update
Erbacon Investment Holdings Limited
(previously Friedshelf 884 Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2007/014490/07)
Share code : ERB & ISIN: ZAE000111571
("Erbacon " or " the company " )
Trading Update
Shareholders are advised that the headline earnings per share for the interim
period ended 31 August 2008 ("the reporting period") will be between 19.00 cents
and 21.00 cents per share compared to headline earnings per share of 13.38 cents
in the previous corresponding period, and that the basic earnings per share for
the reporting period will be between 18.00 cents and 20.00 cents per share
compared to basic earnings per share of 13.52 cents for the previous
corresponding period. (It should be noted that no interim results were
published for the previous corresponding period.)
The earnings per share, stated above, takes into account a 30.64% increase in
the weighted average number of shares in issue during the reporting period,
namely 126 654 659 shares, compared to 96 945 000 shares in issue in the
previous corresponding period. The total number of shares in issue at 31 August
2008 was 136 803 175 shares (2008 : 96 945 000 shares) .
The construction sector in South Africa continues to provide the Group with a
satisfactory base load of contracts, resulting in organic growth for the Group.
However, it is the acquisition, at the end of the previous financial year, of
Davgram Construction ( Pty ) Ltd (trading as " Armstrong Construction ") which
has produced a significant contribution to Group revenues and profits during the
reporting period.
The information in this trading statement has not been reviewed or reported on
by the company`s auditors.
Full details of the company`s operations, and its prospects for the balance of
the 2009 financial year, will be provided with the announcement of the interim
results which will be published on SENS on or about 20 October 2008.
Glen Anil
25 September 2008
Designated Advisor
QuestCo Sponsors (Pty) Ltd
Date: 25/09/2008 11:00:01 Produced by the JSE SENS Department.
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