SKW
SKW
SKW - Skinwell Holdings Limited - Trading update
SKINWELL HOLDINGS LIMITED
(formerly Placecol Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2003/025374/06)
JSE code: SKW
ISIN: ZAE000135893
("Skinwell" or "the group")
TRADING UPDATE
In accordance with paragraph 3.4 of the Listings Requirements of the JSE Limited
("JSE"), a listed company is required to publish a trading statement as soon as
it becomes aware, with a reasonable degree of certainty, that the financial
results for the next period to be reported on are likely to vary by more than
20% from the previous corresponding period.
Shareholders are referred to the trading update released on the Securities
Exchange News Service of the JSE on 2 August 2011 and are hereby advised that
the company`s earnings per share and headline earnings per share for the 6
months ended 31 August 2011 is expected to be 0.50 cents per share compared to
the loss per share and a headline loss per share of 0.1 cents reported in the
previous corresponding period.
The increase in both EPS and HEPS can be attributed to the restored
profitability, gained from the increased performance achieved by the franchised
beauty salons and ongoing measures to control the overheads of the group. The
profitability of the franchised outlets was improved through the introduction of
new standardised service offerings and the launch of new innovative products.
The financial information on which this trading update is based has not been
reviewed or reported on by the company`s independent auditors.
Johannesburg
21 October 2011
Designated Advisor
Grindrod Bank Limited
Date: 21/10/2011 16:19:27 Produced by the JSE SENS Department.
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