MKL - Makalani Holdings Limited - Trading statement for the year ended 30 June
MKL
MKL
MKL - Makalani Holdings Limited - Trading statement for the year ended 30 June
2009
Makalani Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/000726/06)
Share code: MKL
ISIN: ZAE000066700
("Makalani" or "the Company")
TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2009
Makalani is currently finalising its results for the year ended 30 June 2009.
Unitholders are advised that headline earnings per linked unit (HEPLU) is
anticipated to fall within the range of 59 cents per linked unit to a loss of
158 cents per linked unit. This compares to HEPLU of 1 086 cents as reported for
the year to 30 June 2008.
The deterioration was mainly impacted by appropriate write-downs of a limited
number of equity positions within the Makalani portfolio. These equity
investments are exposed to sectors that have been adversely affected by the
global market downturn, which has played out more negatively than previously
anticipated by the Company.
The net asset value (NAV) of the Company is anticipated to be between R98.90 to
R101.08 per linked unit. The NAV for the comparative period was R107.38.
The financial information on which this trading statement is based has neither
been reviewed by or reported on by the Company`s external auditors.
The Company`s results will be released on or around the 25th of August 2009.
Illovo
16 July 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/07/2009 07:05:01 Produced by the JSE SENS Department.
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