OCE
OCE
OCE - Oceana Group Limited - Trading Statement
Oceana Group Limited
(Registration number: 1939/001730/06)
JSE Share Code: OCE
NSX Share Code: OCG
ISIN: ZAE000025284
("Oceana" or "the Company")
TRADING STATEMENT
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE
Limited, shareholders are advised that headline earnings per share for the six
months ended 31 March 2011 are expected to be between 7% and 12% higher than the
comparative figure for the six months ended 31 March 2010. Earnings per share
for the six months ended 31 March 2011 are expected to be between 27% and 32%
higher than the comparative figure for the six months ended 31 March 2010.
The main reason for the differential in the increase in headline earnings per
share and earnings per share is that, in the prior year, earnings were impacted
by an impairment expense relating to goodwill arising on acquisition of the
Glenryck UK business in 2004 which was adjusted for purposes of headline
earnings.
The financial information on which this trading statement is based has not been
reviewed or reported on by the Company`s auditors.
The Company expects its results for the six months ended 31 March 2011 to be
released on SENS on or about 11 May 2011.
Cape Town
18 April 2011
Sponsor
Standard Bank
Date: 18/04/2011 16:37:01 Produced by the JSE SENS Department.
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