CLH - City Lodge - Trading Statement: Normalised Headline Earnings Per Share Up
CLH
CLH
CLH - City Lodge - Trading Statement: Normalised Headline Earnings Per Share Up
Between 13% And 17%
CITY LODGE HOTELS LIMITED
"City Lodge"
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH & ISIN Code: ZAE000117792
TRADING STATEMENT: NORMALISED HEADLINE EARNINGS PER SHARE UP BETWEEN 13% AND 17%
Introduction:
City Lodge is currently finalising its results for the 6 months ended 31
December 2008, which will be released on SENS on or about 12 February 2009. In
this regard shareholders are advised that normalised headline earnings per
share, which excludes the costs and effects of the BEE deal concluded on 28 July
2008, are anticipated to be between 13% and 17% higher than in the same six
month period in the previous financial year.
Trading statement:
In terms of rule 3.4(b) of the JSE Listings Requirements, a listed company is
required to publish a trading statement as soon as a reasonable degree of
certainty exists that the financial results for the next reporting period to be
reported on will differ by at least 20% from those of the previous corresponding
period.
In this regard diluted / undiluted headline and basic earnings per share, which
include the costs and effects of the BEE deal concluded on 28 July 2008, are
anticipated to be between 57% and 61% lower than in the same six month period in
the previous financial year.
The information on which this trading statement has been based has not been
reviewed or reported on by the group`s auditors.
Bryanston
22 January 2009
Sponsor
JP Morgan Equities Limited
Date: 22/01/2009 16:22:01 Produced by the JSE SENS Department.
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