RLO RLZP
RLO
RLO/RLZP - Reunert Limited - Trading statement
REUNERT LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1913/004355/06
Ordinary share code: RLO ISIN: ZAE000057428
Preference share code: RLZP ISIN: ZAE000005930
("Reunert" or "the Company")
TRADING STATEMENT
Reunert is currently finalising its results for the year ended 30 September
2011, which should be released on SENS on or about 14 November 2011.
Shareholders are advised that, with a reasonable degree of certainty:
- earnings per share will be between 55% and 65% higher;
- headline earnings per share will be between 15% and 20% higher; and
- normalised headline earnings per share will be between 10% and 16% higher than
the corresponding reporting period of the previous year.
The increase in earnings per share is primarily attributable to the gain of
R346,7 million on the sale of Reunert`s investment in Nokia Siemens Networks
South Africa in January 2011 for R793,5 million, as fully disclosed on SENS on 4
February 2011.
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by the Company`s external auditors.
Sandton
27 October 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/10/2011 14:56:01 Produced by the JSE SENS Department.
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