TAS
TAS
TAS - Taste Holdings Limited - Trading update
Taste Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/002239/06)
JSE code: TAS
ISIN: ZAE000081162
("Taste" or "the company")
TRADING UPDATE
In terms of the Listings Requirements of the JSE Limited, companies are
required to publish a trading update as soon as they are satisfied that a
reasonable degree of certainty exists that the financial results for the
period to be reported on will differ by 20% or more from the financial results
for the previous corresponding period.
Taste is currently finalising its results for the year ended 28 February
2009 and shareholders are advised that the directors expect the earnings per
share ("EPS") for the year then ended to increase by between 75% and 85% and
headline earnings per share ("HEPS") for the year then ended to increase by
between 25% and 35% over those for the previous corresponding period. The
difference between the expected increases in EPS and HEPS mainly relate to
negative goodwill recognised on the acquisition of NWJ Holdings (Pty) Limited
included in EPS but excluded in determining HEPS.
The financial information on which this trading update is based has not
been reviewed or reported on by the company`s auditors.
The company`s results for the year ended 28 February 2009 are expected to
be published on SENS during the week ending 15 May 2009.
Johannesburg
8 May 2009
Designated Adviser
Vunani Corporate Finance
Date: 08/05/2009 12:33:01 Produced by the JSE SENS Department.
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