RBA
RBA
RBA - RBA Holdings Limited - Trading Statement
RBA Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1999/009701/06)
Share Code: RBA
ISIN Code: ZAE000104154
("RBA" or "the group")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE"), 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 20% or more from the financial results for the
previous corresponding period.
Shareholders are advised that RBA is currently finalising its results for the
six month period ended 30 June 2009 and that the following results are expected:
- Revenue and gross profit are expected to be between 60% and 70% lower;
- Normalized earnings attributable to ordinary shareholders will be a loss of
between R6.5 and R7.5 million;
- Headline earnings attributable to ordinary shareholders will be a loss of
between R11 and R12 million;
- Basic and normalized earnings per share are expected to be a loss of
between 2 and 2.5 cents per share;
- Headline earnings per share is expected to be a loss of between 3.5 and 4
cents per share.
The above disappointing results are mainly attributable to the impact of the
global financial crisis of the past 18 months. Local banks tightened their
lending criteria to such an extent that the traditional clients of the group
were unable to obtain home loans. Consequently sales of homes decreased. In
addition construction at a key project area was delayed.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
The group`s results are expected to be released on SENS on 30 September 2009.
Johannesburg
28 September 2009
Designated Adviser
Exchange Sponsors
Date: 28/09/2009 16:05:01 Produced by the JSE SENS Department.
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