KIR - Kairos Industrial Holdings Limited - Trading Statement
KIR
KIR
KIR - Kairos Industrial Holdings Limited - Trading Statement
Kairos Industrial Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/002927/06)
Share code: KIR ISIN: ZAE000011284
("the company" or "the Group")
TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listing Requirements of the JSE Limited,
the Board of Kairos Industrial Holdings hereby announces thatthey are
reasonably certain that in respect of the six month period ended 31 August
2011:
headline loss per share is expected to be between 70% and 90% greaterthan for
the comparativeperiod ended 31 August 2010; and
profit per share is expected to be between 15 cents and 17 centsper share
compared to a loss for the comparative period ended 31 August 2010 of 16.69
cents per share.
The liquidation of Brokrew Industrial (Pty) Limited has resulted in
extraordinary adjustments which have had a major effect on the reported
earnings for the six months, giving rise to the above improvements, and these
will be detailed in the Group`s interim announcement. The impact of
accounting solely for the Brokrew liquidation is 24.53 cents per share.
The financial information on which this trading statement is based has been
reviewed by the company`s auditors.
The results for the period ended 31 August 2011 are expected to be published
on or about 30 December 2011.
15 December 2011
Pretoria
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 15/12/2011 17:33:01 Produced by the JSE SENS Department.
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