RBA
RBA
RBA - RBA Holdings Ltd - Trading statement
RBA HOLDINGS LTD
(Incorporated in the Republic of South Africa)
(Registration Number: 1999/009701/06)
Share Code: RBA
ISIN Code: ZAE000104154
("RBA Holdings" or "the group")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE"), 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 will differ by 20% or more from the financial results for the
previous corresponding period.
Shareholders are advised that RBA is currently finalising its interim results
for the six months ended 30 June 2010 and the following effects on earnings,
normalised and headline earnings per share are anticipated:
* earnings and normalised earnings per share is expected to be a loss of
between 3 cents and 3.7 cents (2009 interim loss per share was 2.27 cents
and normalised loss per share was 2.37 cents); and
* headline earnings per share is expected to be a loss of between 3.8 cents
and 4.65 cents (2009 interim headline loss per share was 3.68 cents).
The results reflect the difficult economic and trading conditions, as well as
the delays with the group`s key Bram Fisherville Ext 14 project, which impacted
negatively on the group. Registration of transfer of erven sold in this project
(202 approved sales as at 30 June 2010), has however commenced during September
2010 and the construction of these homes is well underway at the date of this
trading statement.
The financial information on which this trading statement is based has not been
reviewed by RBA`s auditors. The interim results for the six months ended 30 June
2010 are expected to be published on SENS on 30 September 2010.
23 September 2010
Johannesburg
Designated Adviser
Exchange Sponsors
Date: 23/09/2010 14:30:03 Produced by the JSE SENS Department.
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