CGR
CGR
CGR - Calgro M3 - Trading Statement
CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/030045/06)
Share code: CGR ISIN: ZAE000109203
("Calgro M3" or "the company")
TRADING STATEMENT
In accordance with paragraph 3.4 of the Listings Requirements of the JSE
Limited, a listed company is required to publish a trading statement as soon
as it becomes aware, with a reasonable degree of certainty, that the financial
results for the next period to be reported on are likely to vary by more than
20% from the previous corresponding period.
The company expects an improvement of more than 100% in the headline earnings
per share ("HEPS") as the company expects to generate a profit in HEPS for the
year ending 28 February 2011, compared to a headline loss per share reported
on in the previous year.
Calgro M3 wishes to advise shareholders that the company expects a decrease in
earnings per share ("EPS") for the year ending 28 February 2011 of more than
20% compared to the EPS reported on in the prior comparative period.
Due to uncertainties with regards to the number of property registrations that
will be registered in the deed office by the end of the financial year, Calgro
M3 is unable to quantify the range of the decrease in EPS and the increase in
the HEPS with any degree of certainty. The company did not undertake any
corporate action during the current financial year, when compared to the prior
year.
Once the company has obtained a reasonable degree of certainty on the actual
range of the decrease in EPS and the increase in the HEPS, a further trading
statement will be released.
The financial information on which this trading statement is based has not
been reviewed or reported on by the company`s auditors.
Johannesburg
16 February 2011
Designated Adviser
Grindrod Bank Limited
Date: 16/02/2011 10:41:00 Produced by the JSE SENS Department.
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