CRG
CRG
CRG - Cargo Carriers Limited - Trading Statement
CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("CRG" or "the group")
TRADING STATEMENT
Shareholders are advised that CRG`s headline earnings per share for the half
year ended 31 August 2009 is expected to be 10% to 15% higher than the
comparative period in the prior year and earnings per share is expected to be
25% to 30% higher.
The increase in headline earnings and earnings per share is attributable to a
reduction in operating costs in line with the economic downturn, the
consolidation of the Zimbabwe operations in the current financial year, a
reduction in finance costs due to the various interest rate concessions and the
disposal of non-operating assets.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
The final announcement of the results for the half year ended 31 August 2009 is
expected to be published on or about the 2 November 2009.
Johannesburg
30 October 2009
Sponsors
Arcay Moela Sponsors (Pty) Ltd
Date: 30/10/2009 15:07:04 Produced by the JSE SENS Department.
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