ITE - Italtile Limited - Trading Statement for the six months ended 31
ITE
ITE
ITE - Italtile Limited - Trading Statement for the six months ended 31
December 2011
ITALTILE LIMITED
SHARE CODE: ITE
ISIN: ZAE000099123
REGISTRATION NUMBER: 1955/000558/06
Incorporated in the Republic of South Africa
("Italtile" or "the Group")
TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2011
Italtile is currently finalising its results for the six months ended 31
December 2011.
In terms of section 3.4(b) of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon as a reasonable
degree of certainty exists that the financial results for the period will
differ by at least 20% from those for the previous corresponding period.
Accordingly, shareholders are advised that the Group`s basic earnings per
share ("EPS") and headline earnings per share ("HEPS") are expected to be
between 20% and 23% higher than the prior comparable period.
Whilst trading conditions remained challenging, the Group succeeded in
increasing turnover of Group-owned stores and entities by between 20% and 25%
and gained market share across the brand portfolio.
REVIEW OF RESULTS
The information on which this announcement is based has not been reviewed or
reported on by Italtile`s auditors.
PUBLICATION OF RESULTS
The Group`s results for the six months ended 31 December 2011 are expected to
be published on SENS on 15 February 2012.
Johannesburg
01 February 2012
Sponsor
BDO Corporate Finance
Date: 01/02/2012 07:30:01 Produced by the JSE SENS Department.
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