VLE
VLE
VLE - Value Group Limited - Trading update
Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
("Value" or "the company`)
Trading update
In terms of the listings requirements of the JSE Limited, a listed company is
required to publish a trading update as soon as it becomes reasonably certain
that the financial results for the period to be reported on next will show a 20%
or more difference from those of the previous corresponding period.
During the past 2 years, management has been focused on returning the company to
acceptable profitability levels. This entailed re-pricing and re-modelling of
certain service offerings, improving vehicle utilizations and reducing costs.
These initiatives coupled with the organic growth of the customer base and
associated increase in volumes, have led to a market improvement in margins, and
profitability of the Group. Accordingly, shareholders are advised that
estimated headline earnings per share for the 6 month interim period ended 31
August 2008, will be 270% to 290% higher than that of the previous corresponding
period whereas estimated basic earnings per share for the same period will be
280% to 300% higher than the previous corresponding period.
The financial results, on which this trading update has been based, have not
been reviewed nor reported on by Value`s auditors. Additional information will
be provided on or about 22 October 2008 when the results for the 6 month interim
period ended 31 August 2008 are published.
Johannesburg
Sponsor: Investec Limited
3 October 2008
Date: 03/10/2008 15:02:03 Produced by the JSE SENS Department.
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