OLI
OLI
OLI - O-Line - Updated Trading Statement
O-Line Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/034685/06)
Share code: OLI
ISIN: ZAE000110730
("O-Line" or "the Company")
Updated Trading Statement
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon as they are
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next will differ by at least 20% from
the financial results for the previous corresponding period. Shareholders are
referred to the trading statement announcement on 07 September 2010, and are
hereby advised that earnings per share ("EPS") and headline earnings per share
("HEPS")from continuing operations for the year ended 30 June 2010 are expected
to be 59% lower than the corresponding period EPS and HEPS from continuing
operations, being 9.42 and 9.45 cents respectively.
Included in the EPS and HEPS calculation from continuing operations is the
impairment of the Armco Management loans of R8,053 million, which equates to a
reduction in EPS and HEPS from continuing operations of 3.67 cents.
The loss per share and headline loss per share from discontinuing operations was
2.19 and 1.75 cents.
The results for the year ended 30 June 2010 are expected to be released on SENS
on or about 30 September 2010.
17 September 2010
Johannesburg
Designated advisor
QuestCo Sponsors (Pty) Limited
Date: 17/09/2010 17:00:03 Produced by the JSE SENS Department.
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