SVB
SVB
SVB - Silverbridge Holdings Limited - Trading statement
SILVERBRIDGE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1995/006315/06)
Share code: SVB ISIN: ZAE000086229
("SilverBridge" or "the company")
TRADING STATEMENT
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 20% from that of the previous corresponding period.
Following the change in the company`s year end from February to June as
announced on SENS on 15 March 2011, a review of the interim financial results
for the 12 month period ended 28 February 2011 by management has indicated
that the headline loss per share is expected to be between 2 and 6 cents and
the loss per share is expected to be between 34 and 38 cents compared to the
headline earnings per share of 39.7 cents and the earnings per share of 39.8
cents for the 12 month period ended 28 February 2010.
The earnings per share includes impairment of goodwill of 32 cents for the 12
month period to 28 February 2011. Impairment of goodwill is excluded from
headline earnings. The financial information on which this trading statement
is based has been reviewed by the company`s auditors. SilverBridge`s
financial results are expected to be released on SENS on or about 17 May
2011.
Pretoria
21 April 2011
Designated Adviser
Merchantec Capital
Date: 21/04/2011 12:49:01 Produced by the JSE SENS Department.
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