RLO
RLO
RLO - Reunert Limited - Trading statement
REUNERT LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1913/004355/06
ISIN: ZAE000057428
JSE Code: RLO
("Reunert")
TRADING STATEMENT
Reunert is currently finalising its results for the six-months ended 31 March
2011, which should be released on SENS on or about 17 May 2011. Shareholders are
advised that, with a reasonable degree of certainty:
- earnings per share will be between 105% and 115% higher;
- headline earnings per share will be between 15% and 21% higher; and
- normalised headline earnings per share will be between 6% and 12% higher
than the corresponding reporting period of the previous year.
The increase in earnings per share is primarily attributable to the gain on the
sale of Reunert`s investment in Nokia Siemens Networks South Africa in January
2011 for R793,5 million, as fully disclosed on SENS on 4 February 2011. In the
comparable period in the prior year, headline earnings included a cost in
respect of BEE credentials which has not been repeated this year. Both the above
transactions are excluded from the calculation of the normalised headline
earnings per share.
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by the Company`s external auditors.
Sandton
19 April 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/04/2011 16:29:25 Produced by the JSE SENS Department.
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