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 referred to the trading statement published by the
company on 2 September wherein they were advised that the company
expected, 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.
The company is in the process of finalising its results for the year
ended 30 June 2011. The company now expects to report both a loss and a
headline loss of 0.09 cents per share.
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
23 September 2011
Sponsor: Grindrod Bank Limited
Date: 23/09/2011 10:13:01 Produced by the JSE SENS Department.
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