BIK
BIK
BIK - Brikor Limited - Trading statement
Brikor Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/013247/06)
JSE code: BIK
ISIN: ZAE000101945
("Brikor" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement 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 at least 20% or more from the financial results for
the previous corresponding period.
Brikor is currently finalising its results for the year ended 28 February 2009
and shareholders are advised that the directors expect a loss per share and
headline loss per share of between 3.7 cents and 4.5 cents, compared to earnings
per share and headline earnings per share of 13.0 and 11.9 cents, respectively,
reported for the year ended 29 February 2008. The reduction in earnings is as a
result of:
- the weaker trading conditions experienced during the year, with particular
reference to the latter part of the financial year, with a further slow-
down in the residential building market and the significant rainfall that
hampered operations; all of which had a severe negative impact on the clay
bricks and ready-mixed concrete operations of the company;
- a severe four month strike experienced at all major operations; and
- the higher interest rate environment experienced during the 2009 financial
year.
Notwithstanding the above, the directors have implemented corrective measures
and expect better trading conditions to the end of February 2010.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
Johannesburg
1 June 2009
Designated Adviser
Vunani Corporate Finance
Date: 01/06/2009 17:48:09 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.
