BSR - Basil Read Holdings Limited - Trading statement for the six months
BSR
BSR
BSR - Basil Read Holdings Limited - Trading statement for the six months
ended 30 June 2011
Basil Read Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1984/007758/06
Share Code: BSR ISIN: ZAE000029781
("Basil Read" or "the Company")
TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2011
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited
("JSE"), a listed company is required to publish a trading statement as
soon as it is satisfied that a reasonable degree of certainty exists that
the financial results for the period to be reported on next will differ by
at least 20% from those of the previous corresponding period.
Shareholders are advised that Basil Read expects its headline earnings and
earnings per share for the six months ended 30 June 2011 to be between 20%
and 30% lower compared to the previously corresponding period.
In addition, shareholders are advised that the Group`s application to
engage with the Competition Commission regarding a settlement is in the
process of being assessed by the Competition Commission, and that the
outcome may result in the imposition of an administrative penalty to Basil
Read. Current timing indications are that the outcome of this process will
only be known in 2012 and therefore no provision has been made in this
regard in the period for the six months ended 30 June 2011.
The financial information on which this trading statement is based has not
been reviewed or reported on by Basil Read`s external auditors.
The Group`s results for the period ended 30 June 2011 is expected to be
released on Thursday, 25 August 2011.
Boksburg
11 August 2011
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Date: 11/08/2011 10:51:12 Produced by the JSE SENS Department.
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