CRG
CRG
CRG - Cargo Carriers Limited - Trading Statement
CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("CRG" or "the group")
TRADING STATEMENT
Shareholders are advised that CRG`s headline earnings per share for the half
year ended 31 August 2008 are expected to be 10% to 15% below the headline
earnings per share for the previous year. The primary contributors for the
decrease in headline earnings is the increased finance and fuel costs incurred
during the current reporting period as well as the partial inclusion of the
Zimbabwe operations operating profit, after impairment of its assets, in the
prior year.
Earnings per share are expected to be 35% to 40% higher than the earnings per
share for the previous year. This is primarily due to the prior year impairment
of the Zimbabwe operations assets and the loss on disposal of investment in
subsidiary.
The financial information on which this trading statement is based has not been
reviewed or reported on by the group`s auditors.
Johannesburg
29 October 2008
Sponsors
Arcay Moela Sponsors (Pty) Ltd
Date: 29/10/2008 16:45:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
