RMH - RMBH - Trading Statement In Respect Of The Six Months Ended
RMH
RMH
RMH - RMBH - Trading Statement In Respect Of The Six Months Ended
31 December 2009
RMB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/005115/06)
ISIN: ZAE000024501
Share Code: RMH
(`RMBH` or `the Company`)
TRADING STATEMENT IN RESPECT OF THE SIX MONTHS ENDED 31 DECEMBER 2009
RMBH is in the process of finalising its results for the six months ended 31
December 2009. The following factors have had a major impact on such results:
- Discovery Holding Limited (in which RMBH holds a 27% effective interest)
has reported a 54% increase in Headline earnings for the period; and
- RMBH exited the emerging market portfolio in which it was invested without
incurring further losses. In the 2008 comparative, the portfolio reflected
a loss of R249 million.
Consequently RMBH advises shareholders that it expects EPS, HEPS and normalised
EPS for the period to 31 December 2009 to be in the following ranges:
Six months to 31 Earnings
December 2008 guidance
for the six
months to 31
December 2009
Earnings per share (EPS) 114.9 cents (R1,38bn) +20% to +25%
Headline earnings per share 120.8 cents (R1,45bn) +15% to +19%
(HEPS)
Normalised earnings per 111.9 cents (R1,35bn) +20% to +25%
share
The financial information on which this trading statement is based has not been
reviewed and reported on by the Company`s external auditors.
Details of RMBH`s interim results for the six months ended on 31 December 2009
are expected to be released on SENS on 10 March 2010.
Sandton
8 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/03/2010 08:31:01 Produced by the JSE SENS Department.
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