OLI
OLI
OLI - O-line Holdings Limited - Trading Statement
O-line Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/034685/06)
Share code: OLI
ISIN code: ZAE000110730
("O-line" 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
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
the financial results for the previous corresponding period.
Shareholders are referred to the trading statement announcement on 11 August
2011, and are hereby advised that earnings per share ("EPS") and headline
earnings per share ("HEPS")from continuing operations for the year ended 30 June
2011 are expected to be 74% higher than the corresponding period EPS and HEPS
from continuing operations, being 16.47 and 16.55 cents respectively. These
numbers are based on a weighted average number of shares of 235,339,705. After
share buy-back there were 213,423,750 shares in issue.
Included in the EPS and HEPS calculation from continuing operations is the
reversal of the impairment of the Armco Management loans of R8,053 million.
The results for the year ended 30 June 2011 are expected to be released on SENS
on or about 30 September 2011.
Johannesburg
31 August 2011
Designated advisor
QuestCo Sponsors (Pty) Limited
Date: 31/08/2011 14:50:01 Produced by the JSE SENS Department.
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