GDN
GDN
GDN - Gooderson Leisure Corporation Limited - Trading statement
GOODERSON LEISURE CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1972/004241/06)
(JSE code: GDN ISIN: ZAE000084984)
("Gooderson" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited , 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 will differ by 20%
or more from the financial results for the previous corresponding
period.
Shareholders are advised that Gooderson is currently finalizing its
interim results for the period ended 31 August 2011. Gooderson`s
earnings per share and headline earnings per share for the period are
expected to increase by between 50% and 65% over that of the previous
corresponding period. The financial information on which this trading
statement is based has not been reviewed or reported on by Gooderson`s
auditors.
The expected increase in earnings is mainly attributable to the higher
occupancies and increase in Government spend in the conferencing
divisions of Gooderson`s hotels.
Management remains cautiously optimistic of a stronger performance in
the second half of the year. With its portfolio of refurbished and
upgraded properties, Gooderson is well positioned to capitalize on
improvements in the economy as they arise.
The results for the period ended 31 August 2011 are expected to be
published on SENS on 19 October 2011.
6 October 2011
Johannesburg
Designated advisor
Exchange sponsors
Date: 06/10/2011 11:25:57 Produced by the JSE SENS Department.
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