LHC - Life Healthcare Group Holdings Limited - Trading Statement
LHC
LHC
LHC - Life Healthcare Group Holdings Limited - Trading Statement
LIFE HEALTHCARE GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/002733/06)
Share code: LHC
ISIN: ZAE000145892
("Life Healthcare" or "the Company")
TRADING STATEMENT
Life Healthcare is currently finalising its results for the six months ended
31 March 2011, which should be released on SENS before 10 May 2011.
In terms of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes reasonably
certain that the financial results for the next period to be reported on will
show a 20% or more difference from those of the previous corresponding
reporting period.
In this regard, shareholders are advised that earnings per share and headline
earnings per share are likely to be between 30% and 40% higher than that
reported for the six months ended 31 March 2010.
This is largely attributable to growth in activities, operational
efficiencies, expenses of a non-recurring nature in 2010 as well as lower net
financing costs as a result of the refinancing of debt prior to the IPO in
June 2010.
The forecast financial information on which this trading statement is based
has not been reviewed and reported on by the Company`s external auditors.
Illovo
11 April 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited
Date: 11/04/2011 17:00:02 Produced by the JSE SENS Department.
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