ARH - ARB Holdings Limited - Trading Statement For The Six Months Ended 31
ARH
ARH
ARH - ARB Holdings Limited - Trading Statement For The Six Months Ended 31
December 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 SIX MONTHS ENDED 31 DECEMBER 2009
In accordance with paragraph 3.4(b) of the JSE Listings Requirements,
shareholders are advised that the company`s interim earnings per share and
headline earnings per share for the six months ended 31 December 2009 are
expected to be between 15% and 25% lower than for the six months ended 31
December 2008.
The decrease is primarily due to the following:
- The high base effect of the first quarter of the previous financial year
(i.e. July to September 2008) during which period trading conditions were
very favourable and had not yet been affected by the severe economic
downturn which only occurred thereafter; and
- Lower selling prices during the current period, when compared to the same
period in the prior year, most notably in copper related products such as
power cables, which impacted the company`s trading margins. To this end,
the average daily spot copper price in Rands for the first quarter of the
current financial year was 24% lower than for the first quarter of the
previous financial year.
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 interim results for the six months ended 31
December 2009 on or around 09 February 2010.
Durban
20 January 2010
Sponsor: PSG Capital (Pty) Ltd
Date: 20/01/2010 12:39:01 Produced by the JSE SENS Department.
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