RLO
RLO
RLO - Reunert - Trading Statement
REUNERT LIMITED
Registration number 1913/004355/06
(Incorporated in the Republic of South Africa)
ISIN: ZAE000057428
JSE Code: RLO
("Reunert" or "the Company")
TRADING STATEMENT
Earlier this year Reunert indicated that, depending on the severity of the
economic downturn, it was hopeful of achieving results in line with that of
the 2008 financial year.
Trading conditions have, however, continued to deteriorate and the operational
businesses have experienced a significant decline in volumes. Bad debts are
more than double compared to the prior period. The situation is further
exacerbated by once-off charges relating to restructuring costs, the exiting
of the Panasonic consumer electronics business and losses on copper in the
first half.
In this regard, shareholders are advised that earnings per share, headline
earnings per share and normalised headline earnings per share are anticipated
to be between 17% and 27% lower than the corresponding reporting period of the
previous year.
The forecast financial information on which this trading statement is based
has not been reviewed and reported on by the Company`s auditors.
Sandton
7 August 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/08/2009 15:45:01 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
