SAN - Sanyati Holdings Limited - Trading statement for the year ended
SAN
SAN
SAN - Sanyati Holdings Limited - Trading statement for the year ended
28 February 2011
Sanyati Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 1988/002538/06
Share code: SAN
ISIN code: ZAE000081055
("Sanyati" or "the company")
TRADING STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2011
In terms of the Listings Requirements of the JSE Limited ("JSE"), companies
are required to publish a trading statement as soon as they are satisfied
that a reasonable degree of certainty exists that the financial results for
the period to be reported on will differ by 20% or more from the financial
results for the previous corresponding period.
Shareholders are advised that the headline earnings per share ("HEPS") for
the year ended 28 February 2011 are expected to be approximately 52% lower
than the HEPS for the prior year. As a result of an impairment to the
carrying value of goodwill of approximately R154 million, the earnings per
share ("EPS") is expected to be a loss in the current year of approximately
30 cents.
The group is in the final stages of finalising its audited resulted for the
year ended 28 February 2011 which are expected to be published on SENS on 16
May 2011.
Bryanston
9 May 2011
Sponsor
BDO Corporate Finance
Date: 09/05/2011 16:33:25 Produced by the JSE SENS Department.
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