SFN/SFNP - Sasfin Holdings Limited - Trading statement in respect of Sasfin`s
SFN SFNP
SFN
SFN/SFNP - Sasfin Holdings Limited - Trading statement in respect of Sasfin`s
Group results for the 12 months ended 30 June 2010
Sasfin Holdings Limited
(Incorporated in the Republic of South Africa)
"Sasfin" or "the Group" or "the Company"
Ordinary share code: SFN
ISIN: ZAE000006565
Preference share code: SFNP
ISIN: ZAE000060273
Trading Statement in respect of Sasfin`s Group results for the 12 months ended
30 June 2010.
In terms of the Listings Requirements of the JSE Limited, a listed Company is
required to publish a trading statement as soon as a reasonable degree of
certainty exists that the financial results for the next reporting period to be
reported on will differ by at least 20% from those of the previous corresponding
period.
Shareholders are advised that the Group expects that headline earnings for the
12 months ended 30 June 2010 will be between 20% to 40% lower when compared with
the previous corresponding period in 2009, primarily driven by lower business
volumes, increased credit impairments and lower private equity investment gains
due to the deterioration in economic conditions, as well as increased overheads
incurred in infrastructural development in anticipation of increased activity
and regulation.
Earnings per share and headline earnings per share for the 12 months ended 30
June 2010 are expected to be between 25% and 45% lower when compared to the
previously reported corresponding period, due to the dilutory effect of the
Group`s increased capital base.
The financial information on which this trading statement is based has not been
reviewed or reported on by Sasfin`s auditors.
The Company`s results for the 12 months ended 30 June 2010 will be published on
or about 7 September 2010.
Johannesburg
07 July 2010
Joint Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Lead Sponsor
KPMG Services (Proprietary)Limited
Date: 07/07/2010 10:48:01 Produced by the JSE SENS Department.
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