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SER SRN
SER
SER / SRN - Seardel Investment Corporation Limited - Trading statement
SEARDEL INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/011249/06)
Share code: SER ISIN Code: ZAE000029815
Share code: SRN ISIN Code: ZAE000030144
("Seardel" or "the company" and, together with its subsidiaries, "the group")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, 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 upon next will differ by at least 20% from the financial results for
the previous corresponding period.
Seardel accordingly advises that for the year ended 31 March 2010 the company
expects its financial results to fall within the following ranges:
2010 2009
Cents Cents
Attributable loss per share (25) - (33) (63)
-Profit/(loss) per share from continuing 3 - (2) (28)
operations
-Loss per share from discontinued (28) - (31) (35)
operations
Headline loss per share (19) - (24) (46)
-Profit/(loss) per share from continuing 0 - (2) (19)
operations
-Loss per share from discontinued (19) - (22) (27)
operations
Note that the financial results for the previous corresponding period are the
company`s financial results for the 9 months ended 31 March 2009 (the company
having, on 8 December 2008, changed its year end from 30 June to 31 March to
coincide with that of its majority shareholder Hosken Consolidated Investments
Limited).
Discontinued operations consist mainly of the Textile Segment`s vertical
pipeline (being spinning, weaving, finishing and denim divisions), details of
which were announced on SENS on 9 April 2009.
Further details will be contained in the groups` results which are expected to
be published on SENS by 31 May 2010.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
6 May 2010
Sponsor
Java Capital (Proprietary) Limited
Date: 06/05/2010 16:00:07 Produced by the JSE SENS Department.
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