SLO - Southern Electricity Company Limited - Trading statement
SLO
SLO
SLO - Southern Electricity Company Limited - Trading statement
Southern Electricity Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/006894/06)
Share code: SLO ISIN: ZAE000041919
("SELCo" or "the company")
TRADING STATEMENT
In terms of paragraph 3.4 (b) of the JSE Limited`s Listings Requirements, a
listed company is required to issue 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
the financial results of the previous corresponding period.
Shareholders are advised that the company expects, for the year ended 30 June
2011, to report both a loss and headline loss per share of between 0.80 cents
and 1.20 cents compared to the corresponding period`s restated earnings and
headline earnings per share of 3.81 and 3.83 cents respectively. These
decreases are attributable to an increase in operating expenses due to costs
with regards to the restructuring exercise that did not materialize.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors. The results for the year
ended 30 June 2011 are expected to be published on or about 30 September 2011.
Johannesburg
2 September 2011
Sponsor: Grindrod Bank Limited
Date: 02/09/2011 11:51:01 Produced by the JSE SENS Department.
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