BRT BRN
BRT
BRT/BRN - Brimstone Investment Corporation Limited - Trading Statement
Brimstone Investment Corporation Limited
(Registration number 1995/010442/06)
(Incorporated in the Republic of South Africa)
ISIN Number: ZAE000015277 Share Code: BRT
ISIN Number: ZAE000015285 Share Code: BRN
("Brimstone" or "The Company")
TRADING STATEMENT
In terms of paragraph 3.4 (b) of the JSE Limited Listings Requirements,
companies are required to publish a trading statement as soon as they are
reasonably certain that the financial results for the current reporting period
differ by at least 20% from the prior comparative period.
The Company`s financial results for the six months ended 30 June 2010 were
positively impacted by the effects of the partial realisation and the subsequent
unbundling of a portion of Brimstone`s shareholding in Life Healthcare Group
Holdings Limited.
As the impact of these events was a once-off occurrence, the board of directors
of Brimstone is satisfied that a reasonable degree of certainty exists that
headline earnings per share ("HEPS") and earnings per share ("EPS") for the six
month period ended 30 June 2011 will be at least 20% lower than the HEPS of
149.0 cents per share and the EPS of 146.3 cents per share respectively reported
for the prior comparative period to 30 June 2010.
Further guidance will be provided as soon as there is a reasonable degree of
certainty in terms of the extent of the decrease.
Shareholders are advised that the financial information on which this trading
statement is based has not been reviewed or reported on by the Company`s
auditors. Brimstone`s results for the six months ended 30 June 2011 will be
released on SENS on or about Tuesday, 23 August 2011.
Cape Town
12 July 2011
Investment bank and sponsor
Nedbank Capital
Date: 12/07/2011 16:17:00 Produced by the JSE SENS Department.
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