| Wed 27 Oct 2010, 10:30 | | SNV - Santova Logistics Limited - Trading Statement |
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SNV
SNV
SNV - Santova Logistics Limited - Trading Statement
SANTOVA LOGISTICS LIMITED
(Registration Number 1998/018118/06)
Share Code: SNV ISIN: ZAE000090650
("Santova" or "the Company")
TRADING STATEMENT
In terms of the listing requirements of the JSE Limited ("JSE"), a company has
to publish a trading statement if an increase or decrease of more than 20%
(compared to the previous reporting period) in its basic earnings per share or
basic headline earnings per share is expected.
Shareholders of Santova are advised that basic earnings and basic headline
earnings per share for the half year ended 31 August 2010 will be approximately
0,72 and 0,42 cents per share, respectively, an increase of 1 757,6% and 509,3%,
respectively, from the last published 31 August 2009 results. This increase was
due mainly to much improved performance from all subsidiaries within the Group
which has been achieved through the successful acquisition of new clients and
improved trading conditions. In addition, the acquisition of Aviocean (Pty)
Ltd, a South African based company, has made a significant contribution to the
Group`s operational results, as well as with an IFRS3 negative goodwill amount
which has been recognised in the Group`s profits on consolidation. The effect
of this IFRS3 amount alone equates to approximately 0,30 cents per share or
771,6% of the increase in basic earnings per share referred to above.
The Group Interim Results for the six months ended 31 August 2010 will be
released on SENS on or about 25 November 2010.
This trading and SENS announcement has not been reviewed nor audited by the
Company`s auditors.
Durban
27 October 2010
Designated Advisor
River Group
Date: 27/10/2010 10:30:01 Produced by the JSE SENS Department.
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