ISB - Insimbi Refractory and Alloy Supplies - Trading Update
ISB
ISB
ISB - Insimbi Refractory and Alloy Supplies - Trading Update
Insimbi Refractory and Alloy Supplies Limited
Formerly Insimbi Alloy Supplies (Proprietary) Limited
(Registration number 2002/029821/06)
JSE share code: ISB
ISIN Number: ZAE000116828
("Insimbi" 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 become
reasonably certain that the financial results for the period to be
reported on will be more than 20% different from that of the
previous corresponding period.
Accordingly, a review of the financial results by management has
indicated that for the six months ending 31 August 2010, earnings
per share ("EPS") are expected to be between 145% and 165% and
headline earnings per share ("HEPS")between 25% and 45% higher than
reported for the corresponding six month period,
These increases are as result of:
an general improvement in the market for our range of products
a general increase in the prices of commodities compared to the
same period last year
the negative goodwill associated with the acquisition of Metlite as
disclosed in the SENS dated 25th August 2010
the positive contribution in earnings and headline earnings
resulting from the acquisition of Metlite effective 13th July 2010
as per SENS dated 25th August 2010
The financial information on which this trading statement is based
has not been reviewed or reported on by the Group`s auditors. The
interim results for the period ended 31 August 2010 will be
published by no later than 8th October 2010.
27 August 2010
Designated Advisor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
(Registration number 1970/003711/07)
Date: 27/08/2010 12:33:29 Produced by the JSE SENS Department.
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