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 two 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.
The Group has derived the benefits from these initiatives for the full year
which has led to an improvement in margin and profitability levels.
Accordingly, shareholders are advised that estimated headline and basic earnings
per share for the 2009 financial year will be 80% to 100% higher than that of
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 14 May 2009 when the results for the year ended 28
February 2009 are published.
Johannesburg
Sponsor: Investec Limited
24 April 2009
Date: 24/04/2009 14:30:05 Produced by the JSE SENS Department.
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