BIO - BioScience Brands Limited - Trading Statement
BIO
BIO
BIO - BioScience Brands Limited - Trading Statement
BioScience Brands Limited
(Registration number 2005/005805/07)
Incorporated in the Republic of South Africa
Share code: BIO
ISIN code: ZAE000115036
("BioScience" or "the Company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("the JSE"), listed
companies are required to publish a trading statement as soon as they become
reasonably certain that the financial results for the next period to be reported
on will be more than 20% different from those of the previous corresponding
period or from a profit forecast previously provided to the market in relation
to such period.
Shareholders are advised that the results for the twelve months ended 30 June
2010, are expected to improve on the prior twelve month period loss per share
and headline loss per share by between 65% and 85%. Ongoing difficult trading
conditions for premium priced nutritional supplements has delayed BioScience`s
return to profitability but the health of the key brands is strong and poised
for the recovery with investment in advertising being maintained at 13.5% of
turnover.
The financial information on which this trading statement is based has not been
reviewed or reported on by the Group`s external auditors. The results for the
year ended 30 June 2010 will be published on 30 September 2010.
Durban
10 September 2010
Designated Advisor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 10/09/2010 12:00:02 Produced by the JSE SENS Department.
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