RBA
RBA
RBA - RBA Holdings Limited - Trading statement
RBA Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1999/009701/06)
(JSE code: RBA ISIN: ZAE000104154)
("RBA" or "the company")
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
year ended 31 December 2009 and are advised that its earnings will be a loss of
between R31 million and R37 million, and headline earnings will be a loss of
between R34 million to R40 million.
The earnings per share are expected to be a loss of between 10 cents and 12
cents per share, whereas headline earnings per share are expected to be a loss
of between 11 cents and 13 cents per share. The financial information on which
this trading statement is based has not been reviewed by RBA`s auditors.
The expected net loss incurred by the group should be viewed in context of the
most difficult trading period in RBA`s history, mainly as a result of the impact
of the global financial crisis of the previous 18 months. Traditional clients of
the group were unable to obtain home loans from banks, resulting in sales of
homes decreasing and construction of homes showing a sharp decrease in volumes.
The results are expected to be published on SENS before the end of March 2010.
Prospects for this year are much more positive with sales and home loan
approvals increasing and construction activities resuming.
19 March 2010
Johannesburg
Designated Advisor
Exchange Sponsors
Date: 19/03/2010 16:32:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
