HSP
HSP
HSP - Holdsport Limited - Trading statement
Holdsport Limited
(incorporated in the Republic of South Africa)
(Registration number 2006/022562/06)
JSE share code: HSP
ISIN: ZAE000157046
("Holdsport" or the "Company")
TRADING STATEMENT
In terms of JSE Limited Listings Requirements, a company is required to
publish a trading statement, once it is reasonably certain that its
results will differ by 20% or more over the corresponding reporting
period. The Company advises that it expects basic, headline and core
headline earnings per share for the 6 month period ended 31 August 2011
("the period") to increase by 20% or more over the pro forma comparable
period.
Holdsport`s earnings were enhanced by a reduction in financing charges
as a result of the capital restructuring and repayments of debt.
The Company advises that its basic and headline earnings per share are
expected to be between 137 cents and 147 cents for the period and core
headline earnings per share is expected to be between 154 cents and 164
cents for the period. Holdsport defines core headline earnings as
headline earnings adjusted for amortisation of intangibles, straight
lining of leases and non-recurring professional fees, all net of
taxation.
Investors are advised that this trading statement does not constitute an
earnings forecast, and that the financial information provided has
neither been reviewed nor reported on by the external auditors. The
Company`s interim results for the period are scheduled to be announced
on Tuesday, 27 September 2011.
Cape Town
14 September 2011Sponsor: UBS South Africa (Pty) Ltd
Date: 14/09/2011 15:30:01 Produced by the JSE SENS Department.
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