SBK - Standard Bank Group Limited - Trading statement
SBK
SBK
SBK - Standard Bank Group Limited - Trading statement
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
South African Share Code: SBK
Namibian Share Code: SNB
ISIN: ZAE000109815
("Standard Bank Group" or "the group")
Trading statement in respect of the six months ended 30 June 2010
Standard Bank Group will be releasing its interim results on 12 August 2010
on the Stock Exchange News Service (SENS). The group`s subsidiary, Liberty
Holdings Limited ("Liberty"), reported interim results on SENS earlier
today. Given the large turnaround in Liberty`s earnings for the period, and
the effect this has on the group`s results, a voluntary trading statement
for the group is provided below.
Shareholders are advised that Standard Bank Group`s earnings per share
(EPS), headline earnings per share (HEPS) and diluted HEPS are expected to
be between 6% and 12% higher than 1H09, calculated on a normalised basis. On
an International Financial Reporting Standards basis, Standard Bank Group`s
EPS, HEPS and diluted HEPS are expected to be between 9% and 15% higher than
1H09.
Normalised earnings reflect the legal and economic substance of the group`s
Black Ownership Initiative; and deemed treasury shares held for the benefit
of Liberty policyholders and to facilitate client trading activities.
The financial information on which this trading statement is based has not
been reviewed or reported on by the group`s external auditors.
Johannesburg
5 August 2010
Lead sponsor
Standard Bank
Independent sponsor
Deutsche Securities (SA) Proprietary Limited
Date: 05/08/2010 17:30:03 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
