CLH - City Lodge Hotels Limited - Trading Statement
CLH
CLH
CLH - City Lodge Hotels Limited - Trading Statement
CITY LODGE HOTELS LIMITED
"City Lodge"
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH
ISIN Code: ZAE 000117792
TRADING STATEMENT
In terms of rule 3.4(b) of the JSE Listings Requirements, a listed company is
required to publish a trading statement as soon as a reasonable degree of
certainty exists that the financial results for the next reporting period to be
reported on will differ by at least 20% from those of the previous corresponding
period.
In this regard diluted / undiluted headline and basic earnings per share for the
six months ended 31 December 2010, which include the costs and effects of the
BEE deal, are anticipated to be between 25% and 30% lower than the previous
year.
Normalised headline earnings per share, which excludes the costs and effects of
the BEE deal, are however anticipated to be between 15% and 20% lower than the
previous year.
The information on which this trading statement has been based has not been
reviewed or reported on by the group`s auditors and it is anticipated that the
results will be released on SENS on or about 16 February 2011.
Bryanston
24 January 2011
Sponsor
J.P. Morgan Equities Limited
Date: 24/01/2011 11:34:01 Produced by the JSE SENS Department.
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