VLE
VLE
VLE - Value Group Limited - Trading update
Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
("Value" or "the company`)
TRADING UPDATE
In terms of the listings requirements of the JSE Limited, a listed company is
required to publish a trading update as soon as it becomes reasonably certain
that the financial results for the period to be reported on next will show a
20% or more difference from the previous corresponding period.
In the company`s circular dated 1 July 2010, it was illustrated how the once
off BEE equity transaction costs would have a negative effect on earnings.
Consequently, these costs were incurred during the company`s interim reporting
period ended 31 August 2010. Accordingly shareholders are advised that headline
and basic earnings per share for the interim period ended 31 August 2010 will
be 20% to 40% less than that achieved in the previous corresponding period.
The financial results, on which this trading update has been based, have not
been reviewed nor reported on by Value`s auditors. The results for the 6
months ended 31 August 2010 will be published on or about 20 October 2010.
Johannesburg
Sponsor: Investec Limited
6 October 2010
Date: 06/10/2010 11:57:54 Produced by the JSE SENS Department.
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