SBG - Simeka Business Group Limited - Trading Statement
SBG
SBG
SBG - Simeka Business Group Limited - Trading Statement
SIMEKA BUSINESS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: SBG & ISIN code: ZAE000074878
("Simeka" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they become aware 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.
Shareholders are advised that, for the year ended 31 May 2010 the company
expects:
- revenue to be between 5% and 10% lower and headline earnings after tax to
be between 45% and 50% lower than for the year ended 31 May 2009;
- headline earnings per share (weighted in issue and to be issued) to be
between 5 cents and 6 cents (down from headline earnings per share of 11.11
cents for the year ended 31 May 2009);
- following the impairment of goodwill and intangibles totalling
approximately R250 million (which are non-cash adjustments) a loss per
share of between 40 cents and 45 cents (down from earnings per share of
9.13 cents for the year ended 31 May 2009); and
- actual cash on hand as at 31 May 2010 of R94 million.
The financial results on which this trading statement has been based has not
been reviewed or reported on by the company`s auditors.
The financial results of the company will be published on SENS on or about 9
August 2010.
23 June 2010
Designated Advisor
Java Capital (Proprietary) Limited
Date: 23/06/2010 12:32:01 Produced by the JSE SENS Department.
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