BSS
BSS
BSS - BSI STEEL Limited - Trading statement
BSI STEEL Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/023164/06)
JSE code: BSS ISIN: ZAE000125134
("the company")
TRADING STATEMENT
Shareholders are advised that the company is in the process of finalising its
results for the year ended 31 March 2010 and advises that the profit for this
period is expected to be at least 75% below the profit for the comparative
period.
At this stage, the company is unable to quantify, with any degree of certainty,
the expected basic and headline earnings per share for the year ended 31 March
2010 and expects to release a further announcement containing such detail in due
course.
This trading statement reinforces the continued improvement in the profitability
of the company since the results at 31 March 2009 and the dramatic fall in the
international steel price during September 2008. The results for the second half
of the 2010 financial year, which includes the Christmas slowdown, shows fair
improvement on the results for the first half of 2010 as well as the comparative
period.
The international steel price continues to increase on the back of a
strengthening of real demand, however the South African market has tended to lag
the international market with the resultant impact on the company`s
profitability.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
8 April 2010
Designated Adviser
Vunani Corporate Finance
Date: 08/04/2010 11:15:01 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
