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CND
CND
CND - Conduit Capital Limited - Trading Update
CONDUIT CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND ISIN: ZAE000073128
("Conduit" or "the group")
TRADING UPDATE
In terms of the Listings Requirements of JSE Limited, 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 twenty percent from that of the previous corresponding period.
Accordingly, a review by management of the financial results for the six
months ended 28 February 2011 has indicated that net profit before tax,
attributable earnings, headline earnings, earnings per share ("EPS"),
headline earnings per share ("HEPS"), net asset value per share ("NAV") and
tangible net asset value per share ("TNAV") are expected to be as follows:
Unaudited Unaudited
6 months 6 months
to to Percentage
28 Feb 28 Feb Change change
2011 2010
Net profit before tax (R`000) 24 661 15 331 9 330 60.9%
Attributable earnings (R`000) 10 063 6 946 3 117 44.9%
Headline earnings (R`000) 10 052 5 917 4 135 69.9%
EPS (cents) 4.02 2.78 1.24 44.6%
HEPS (cents) 4.02 2.36 1.66 70.3%
NAV (cents) 101.32 95.06 6.26 6.6%
TNAV (cents) 82.89 76.57 6.32 8.3%
Number of shares in issue, net of 250 277 250 277
treasury shares (`000)
Weighted number of shares (`000) 250 277 250 277
Note: The financial information on which this trading update is based has
not been reviewed or reported on by the group`s auditors.
Conduit`s unaudited interim results for the six months ended 28 February
2011, incorporating further commentary on all operating units, are expected
to be released during the third week of April 2011.
Johannesburg
14 April 2011
Sponsor
Merchantec Capital
Date: 14/04/2011 15:30:40 Produced by the JSE SENS Department.
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