ARH - ARB Holdings Limited - Trading Statement For The Year Ended 30 June 2009
ARH
ARH
ARH - ARB Holdings Limited - Trading Statement For The Year Ended 30 June 2009
ARB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1986/002975/06)
Share Code: ARH ISIN: ZAE000109435
("the Company")
TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2009
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE
Limited, shareholders are advised that the Company`s earnings per share and
headline earnings per share for the year ended 30 June 2009 are expected to be
between 32% and 37% lower than for the year ended 30 June 2008.
The decrease is primarily due to the following factors:
- sales price deflation, particularly during the second half of the financial
year, in certain key product categories due to the dramatic fall in metal
prices, most notably copper, which eroded the Company`s trading margins;
and
- an increase of 6% in the weighted average number of shares in issue.
Notwithstanding this decrease in profitability, the Company was strongly cash
generative during this period and its balance sheet remains ungeared.
The financial information on which this trading statement has been based has not
been reviewed by or reported on by the Company`s auditors.
The Company expects to release its results for the year ended 30 June 2009 on or
around 05 August 2009.
Durban
22 July 2009
Sponsor: PSG Capital (Proprietary) Limited
Date: 22/07/2009 13:00:01 Produced by the JSE SENS Department.
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