RLO
RLO
RLO - Reunert Limited - Trading Statement
REUNERT LIMITED
Registration number 1913/004355/06
(Incorporated in the Republic of South Africa)
ISIN: ZAE000057428
JSE Code: RLO
("Reunert" or "the Company")
TRADING STATEMENT
At the interim reporting date Reunert stated that, assuming stable economic
conditions and given no surprises, the group`s second half performance should be
better than that of the first half.
Reunert will be announcing its results for the year ended 30 September 2010 on
or about 17 November 2010 and will report normalised headline earnings per share
between 1% and 5% higher than the previous financial year.
Basic earnings per share and headline earnings per share for the 2010 financial
year will decrease due to the non-recurrence of the non-cash mark to market
abnormal profit of R299,2 million in the 2009 financial year. This mark to
market profit arose out of the put option that Reunert holds in respect of its
investment in Nokia Siemens Networks.
Consequently basic earnings per share and headline earnings per share will be
between 20% and 25% lower than the earnings achieved in the previous financial
year. In 2009 basic earnings and headline earnings were 652,4 and 651,6 cents
per share respectively.
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by the Company`s auditors.
Sandton
29 October 2010
Sponsor
RAND MERCHANT BANK (A division of First Rand Bank Limited)
Date: 29/10/2010 16:28:01 Produced by the JSE SENS Department.
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