VLE
VLE
VLE - Value Group Limited - Trading Update
Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
("Value" or "the company`)
TRADING UPDATE
In terms of the listings requirements of the JSE Limited, a listed company is
required to publish a trading update as soon as it becomes reasonably certain
that the financial results for the period to be reported on next will show a 20%
or more difference from the previous corresponding period.
In the interim period ended 31 August 2011, the Group benefitted from an
expanded customer base within the general distribution segment, which has
contributed to earnings growth. In addition, the BEE equity transaction costs,
which were incurred in the company`s previous interim reporting period ended 31
August 2010, had a negative effect on the prior period`s earnings.
Consequently, the comparative headline and basic earnings per share figures are
reduced. Accordingly shareholders are advised that headline and basic earnings
per share for the interim period ended 31 August 2011 will be 70% to 90% higher
than that achieved in the previous corresponding period.
Excluding the once-off BEE equity transaction cost incurred in the previous
period, adjusted headline earnings per share for the interim period ended 31
August 2011 will be up to 20% higher than that achieved in the previous
corresponding period.
The financial results, on which this trading update has been based, have not
been reviewed nor reported on by Value`s auditors. The results for the 6 months
ended 31 August 2011 will be published on or about 18 October 2011.
Johannesburg
6 October 2011
Sponsor:
Investec Bank Limited
Date: 06/10/2011 13:45:01 Produced by the JSE SENS Department.
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