EQS
EQS
EQS - Eqstra Holdings Limited - Trading Statement
Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
Share code: EQS & ISIN: ZAE000117123
("Eqstra")
TRADING STATEMENT
In compliance with section 3.4(b) of the JSE Listings Requirements, shareholders
are advised that the company`s interim results are expected to be a basic and
headline loss per share of between 15 and 25 cents which is lower than the
previous corresponding period`s basic earnings and basic headline earnings per
share of 86.4 cents and 85.9 cents respectively.
The main contributing factors are the continuing global recession with reduced
sales in the distributorships divisions, illegal industrial actions impacting
production at existing mining operations and delays in commencement of contract
mining projects. Impairment of deferred tax assets in the Construction and
Mining: Distributorships division contributed further to the loss. Despite
these expected losses, management is pleased to report that all banking
covenants will be met. Management continues to implement appropriate corrective
measures to minimise the losses.
The projected financial information in this trading statement has not been
reviewed or reported on by Eqstra`s auditors. The statement is based on
available information at the time of this publication. Eqstra`s interim results
are expected to be released on SENS on or about 22 February 2010.
Johannesburg
26 January 2010
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 26/01/2010 08:15:01 Produced by the JSE SENS Department.
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