CGR
CGR
CGR - Calgro M3 - Trading Update
CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/030045/06)
Share code: CGR ISIN: ZAE000109203
("Calgro M3" or "the company")
TRADING UPDATE
In accordance with paragraph 3.4 of the Listings Requirements of the JSE
Limited, a listed company is required to publish a trading statement as soon
as it becomes aware, with a reasonable degree of certainty, that the
financial results for the next period to be reported on are likely to vary
by more than 20% from the previous corresponding period.
The company expects an increase of more than 225% in the earnings per share
("EPS") for the 12 months ending 29 February 2012 ("the 2012 financial
year") amounting to more than 43.36 cents, compared to the 13.34 cents per
share reported on in respect of the 12 months ended 28 February 2011 ("the
2011 financial year").
Calgro M3 also expects an improvement of more than 225% in headline earnings
per share ("HEPS") for the 2012 financial year amounting to more than 43.81
cents, compared to the 13.48 cents per share reported on in respect of the
2011 financial year.
Due to uncertainties with regards to the number of property registrations
that will be registered in the deed office by 29 February 2012, Calgro M3 is
unable to quantify the range of the increase in the HEPS and EPS with any
degree of certainty.
The group is also proud to announce that its pipeline has grown to in excess
of R8 billion over the next 6 to 7 years.
Once the Company has obtained a reasonable degree of certainty on the actual
range of the increase in both EPS and HEPS, a further trading statement will
be released.
The financial information on which this trading statement is based has not
been reviewed or reported on by the company`s auditors.
Johannesburg
27 February 2012
Sponsor
Grindrod Bank Limited
Date: 27/02/2012 15:40:01 Produced by the JSE SENS Department.
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