LAB - Labat Africa Limited - Trading statement for the year ended 28 February
LAB
LAB
LAB - Labat Africa Limited - Trading statement for the year ended 28 February
2011
LABAT AFRICA LIMITED
Incorporated in the Republic of South Africa
(Registration number 1986/001616/06)
JSE code: LAB ISIN: ZAE000018354
("Labat" or "the company")
TRADING STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2011
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE
Limited, listed companies are required to publish a trading statement as soon
as they become reasonably certain that the financial results for the next
period to be reported on will be more than 20% different from those of the
previous corresponding period or from a profit forecast previously provided
to the market in relation to such period.
Accordingly, and as previously mentioned in the announcement published on
SENS on 27 January 2011, due to the recent positive developments relating to
the reversal of the SAMES disposal as well as the pleasing development of the
ICDC business, shareholders are advised that the Company expects that the
earnings per share and headline earnings per share for the 12 months ending
28 February 2011 will at least 20% higher, although a range has yet to be
identified, than the results for the 12 months ended 28 February 2010. A
further trading statement will be issued in due course.
This trading statement has not been reviewed by the company`s auditors.
Houghton
30 May 2011
Sponsor
Arcay Moela Sponsors (Proprietary) Limited
Date: 30/05/2011 15:35:01 Produced by the JSE SENS Department.
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