BVT - The Bidvest Group Limited - Trading statement
BVT
BVT
BVT - The Bidvest Group Limited - Trading statement
THE BIDVEST GROUP LIMITED
("Bidvest")
(Registration number 1946/021180/06)
Share code: BVT
ISIN ZAE000117321
TRADING STATEMENT
In compliance with Rule 3.4(b) of the JSE Listing Requirements, companies are
required to publish a trading statement as soon as they become reasonably
certain that the financial results of the period to be reported on will be more
than 20% different from that of the previous corresponding period.
Shareholders are advised that for the 6 months ended December 31 2011 the
group`s headline earnings per share are expected to be between 35% and 40%
higher than the results of the comparative period (December 31 2010: 539.8 cents
per share) after accounting for the profit on the partial sale of the investment
in Mumbai International Airport Private Limited, as announced on Sens on October
19 2011.
Earnings per share are also expected to be between 29% and 33% higher than the
comparative period (December 31 2010: 541.7 cents per share) after accounting
for the profit on the partial sale of the investment in Mumbai International
Airport Private Limited and a R96.7 million impairment of the associate
investment in Comair Limited as a consequence of the decline in its share price.
The above information has not been reviewed or reported on by the company`s
auditors. The company`s financial results for the 6 months ended December 31
2011 are expected to be published on or about February 27 2012.
Date: January 30 2012
Johannesburg
Sponsor: Investec
Date: 30/01/2012 07:07:00 Produced by the JSE SENS Department.
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