BRT/BRN - Brimstone Investment Corporation Limited - Further Trading
BRT BRN
BRT
BRT/BRN - Brimstone Investment Corporation Limited - Further 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")
FURTHER TRADING STATEMENT
Shareholders are referred to the trading statement released on SENS on 12
July 2011 and are advised that further clarification is now provided as to
the extent of the decrease referred to in the aforementioned announcement.
Brimstone expects to report earnings per share ("EPS") of between 80.7 cents
and 96.8 cents, and headline earnings per share ("HEPS") of between 73.8
cents and 88.5 cents for the six months ended 30 June 2011, which is down
from EPS and HEPS of 146.3 cents and 149.0 cents respectively reported for
the six months ended 30 June 2010.
The primary reason for the decrease in EPS and HEPS is that 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, which was a once-off occurrence.
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
18 August 2011
Investment bank and sponsor
Nedbank Capital
Date: 18/08/2011 17:00:01 Produced by the JSE SENS Department.
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