POY
POY
POY - Poynting Holdings Limited - Trading Statement
POYNTING HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1997/011142/06)
Share code: POY ISIN: ZAE000121299
("Poynting" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of JSE Limited ("the Listings
Requirements"), companies are required to publish a trading statement as soon as
they become reasonably certain that the financial results for the period to be
reported on will differ by more than 20% from the previous corresponding period.
Accordingly, a review of the financial results for the six months ended 31
December 2010, by management, has indicated that the loss per share is expected
to be between 2.88 and 3.40 cents and the headline loss per share is expected to
be between 0.82 and 1.33 cents compared to an earnings per share and headline
earnings per share of 2.55 cents for the six months ended 31 December 2009.
Trading results for the first six months include non cash items amounting to
R5.3 million. The order delivery schedule for the Defence Division will also
result in a much stronger second half performance for the company.
The financial information on which this trading statement is based has not been
reviewed or reported on by Poynting`s auditors. Poynting`s interim financial
results are expected to be released on SENS on or about 24 March 2010.
Johannesburg
9 March 2011
Designated Adviser
Merchantec Capital
Date: 09/03/2011 15:53:01 Produced by the JSE SENS Department.
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