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SNV - Santova Logistics Limited - Trading Statement
SANTOVA LOGISTICS LIMITED
(Registration Number 1998/018118/06)
Share Code: SNV ISIN: ZAE000090650
("Santova" or "the Company")
TRADING STATEMENT
In terms of the listings requirements of the JSE Limited ("JSE"), a company
has to publish a trading statement if an increase or decrease of more than 20%
(compared to the previous reporting period) in its basic earnings per share or
headline earnings per share is expected.
Shareholders of Santova are advised that Group earnings and Group headline
earnings per share for the period ended 31 August 2011 will be approximately
0,69 cents per share, a decrease of 4,1% and an increase of 64,1% respectively,
to the last published 31 August 2010 results.
The Group earnings from operations, excluding the IFRS3 negative goodwill
arising from the purchase of Santova Logistics South Africa (Pty) Ltd (formerly
Aviocean (Pty) Ltd) in the previous period, has increased significantly through
new client revenue and improved efficiencies in its subsidiaries. The Group
has shown enhanced performance despite the global trading conditions remaining
uncertain.
This trading statement and SENS announcement has not been reviewed or audited
by the Company`s auditors, Deloitte & Touche.
The Group Interim Results for the six months ended 31 August 2011 will be
released on SENS on or about 02 November 2011.
Durban
25 October 2011
Designated Advisor
River Group
Date: 25/10/2011 08:20:01 Produced by the JSE SENS Department.
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