| Fri 8 May 2009, 16:50 | | TDH - Tradehold Limited - Updated trading statement |
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TDH
TDH
TDH - Tradehold Limited - Updated trading statement
Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
JSE code: TDH
ISIN: ZAE000026902
("Tradehold" or "the company")
UPDATED TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, companies are
required to publish a trading statement as soon as they become aware that the
financial results for the period to be reported upon next will differ by at
least 20% from the financial results for the previous corresponding period.
Accordingly, shareholders were advised on 24 April 2009 that, in respect of the
year ended 28 February 2009, the headline loss per share was expected to amount
to 0,8 pence (2008: 0,8 pence), with the basic loss per share to be 5,6 pence
(2008: 4,0 pence). The reviewed results for the year ended 28 February 2009 were
released on 29 April 2009, reflecting the aforementioned figures ("the reviewed
results").
The company has subsequently become aware that in the calculation of
the headline loss for the year ended 28 February 2009 as disclosed in the
reviewed results, fair value adjustments relating to two financial assets, in
the amount of GBP7,2 million, have erroneously been excluded. In terms of the
SAICA circular 8/2007 Headline Earnings, fair value adjustments of this nature
should be included in headline earnings. The headline loss per share in respect
of the year ended 28 February 2009 to be disclosed in the annual financial
statements for the year ended 28 February 2009 is therefore expected to amount
to 2,8 pence. No adjustment to the basic loss per share is required.
The financial information for the year ended 28 February 2009 contained in
this Updated Trading Statement has been reviewed by the company`s auditors.
Their unqualified report is available on request from the company secretary.
Cape Town
8 May 2009
Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Ltd
Date: 08/05/2009 16:50:01 Produced by the JSE SENS Department.
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