COM
COM
COM - Comair Limited - Trading Statement
COMAIR LIMITED
Incorporated in the Republic of South Africa
Registration Number 1967/006783/06
Share Code: COM
ISN Code; ZAE000029823
("Comair" or "the Company")
TRADING STATEMENT
Based on a review of Comair`s results for the first four months of the half year
to December 2011 ("reporting period") and current trends, it is expected that
the Company`s headline earnings and earnings per share will show a loss for the
reporting period due primarily to significant cost increases including a 70%
increase in the fees of Airports Company South Africa, high oil prices and a
weakening Rand. As a result of the foregoing, Comair is required to issue a
trading statement. Comair cannot at this stage with reasonable certainty
quantify the extent of its results for the reporting period within the 20% range
required by the JSE Listing Requirements. Comair`s balance sheet, however,
remains strong and it is well positioned to take advantage of any opportunities
that present themselves in the future.
A further trading statement for the reporting period will be issued once the
Company has more certainty with regard to its results.
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by Comair`s external auditors.
Bonaero Park
5 December 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/12/2011 09:21:00 Produced by the JSE SENS Department.
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