BIK
BIK
BIK - Brikor Limited - Trading update
BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/013247/06)
JSE code: BIK
ISIN: ZAE000101945
("Brikor" or "the company")
TRADING UPDATE
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 on will differ by at least 20% or more from the financial results for
the previous corresponding period.
Shareholders are advised that Brikor is currently finalising its results for the
year ended 28 February 2010 and anticipates that the group will reflect a basic
and headline loss for the current financial year as follows:
Basic loss per share Between 18.8 and 22.0 cents
Headline loss per share Between 7.8 and 9.2 cents
The company has continued to experience weaker trading conditions due to the
global recession as well as a further slow-down in the residential building
market. The directors have, however, implemented corrective measures and expect
better trading conditions for the forthcoming year.
The financial information on which this trading update is based has not been
reviewed or reported on by the company`s auditors.
The company`s results for the year ended 28 February 2010 are expected to be
released on SENS by 31 May 2010.
Johannesburg
26 May 2010
Designated Adviser
Vunani Corporate Finance
Date: 26/05/2010 13:53:01 Produced by the JSE SENS Department.
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