VUN
VUN
VUN - Vunani Limited - Trading update
VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000110359
("Vunani" or "the company")
TRADING UPDATE
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements,
companies are required to publish a trading statement as soon as they are
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next will differ by 20% or more from
the financial results for the previous corresponding period.
Shareholders are advised that Vunani expects, for the year ended 31 December
2010, an improvement in both its basic and headline loss per share of at least
20% as compared to the results for the year ended 31 December 2009 (13,2 cents
basic loss per share and 11.0 cents headline loss per share). At this stage,
the company is unable to quantify, with the degree of certainty required for a
more accurate update, the expected basic and headline loss per share. A
revised trading update will be published containing such detail as soon as
possible.
The financial information on which this trading update is based has not been
reviewed or reported on by the company`s auditors.
Sandton
16 March 2011
Independent Designated Adviser
Grindrod Bank Limited
Joint Designated Adviser
Vunani Corporate Finance
Date: 16/03/2011 17:38:00 Produced by the JSE SENS Department.
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