GRF
GRF
GRF - Group Five Limited - Trading statement
GROUP FIVE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1969/000032/06)
Share code: GRF ISIN: ZAI 000027405
("Group Five" or "the group")
TRADING STATEMENT
Group Five shareholders are advised that, for the year ended 30th June 2010,
market related impairments of the construction materials businesses and pension
fund surpluses have affected results. The group expects:
- Fully diluted headline earnings per share ("FDHEPS") to be between 5%-15%
higher (533 cents per share to 584 cents per share); and
- Fully diluted earnings per share ("FDEPS") to be between 40%-50% lower (243
cents per share to 292 cents per share)
than the FDHEPS of 508 cents per share and the FDEPS of 486 cents per share
published for the previous corresponding period.
F2010 FDEPS numbers above have been affected by impairment adjustments relating
to the construction materials businesses. The FDHEPS numbers above have been
affected by positive adjustments arising from annual pension fund valuations.
In addition, and to assist for comparative purposes,
- FDHEPS, had both the impairment and pension fund adjustments not been
required, would be between 5% lower and 5% higher (483 cents per share to
533 cents per share) than the FDHEPS of 508 cents per share published for
the previous corresponding period
- the effect on both the F2009 and F2010 FDHEPS and FDEPS numbers presented
above are calculated using fully diluted shares. These shares include the
dilutionary effect of the shares held by the iLima Consortium at each year
end.
The above information has not been reviewed or reported on by Group Five`s
auditors. The group`s results will be released on SENS on 10th August 2010 and
the annual report will be available on the same date.
Johannesburg
07 July 2010
Sponsor
Nedbank Capital
Date: 07/07/2010 12:08:01 Produced by the JSE SENS Department.
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