SFH
SFH
SFH - SA French Limited - Trading Statement
SA FRENCH LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1982/009174/06)
Share code: SFH ISIN: ZAE000108890
("SA French" or "the Company")
TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE Listings Requirements, companies are
required to publish a trading statement as soon as they are reasonably certain
that the financial results for the current reporting period will differ by more
than 20% from those of the previous corresponding period.
SA French accordingly advises that it is expected that headline earnings per
share for the six months ended 31 December 2011 will reflect a loss of between
0.97 cents per share and earnings of 0.65 cents per share, compared to the
headline loss of 8.12 cents per share for the previous corresponding period.
Earnings per share for the six months ended 31 December 2011 are expected to
reflect a loss of between 0.76 cents per share and earnings of 0.84 cents per
share, compared to the loss of 8.0 cents per share for the previous
corresponding period.
Improved profitability is mainly a consequence of increased product sale
revenues in the period under review. Rental revenues have been relatively flat
due to suboptimal utilisation rates. The restructuring process implemented over
the previous 2 years is starting to yield operational cost efficiencies.
The above information has not been reviewed or reported on by the Company`s
external auditors. It is anticipated that the results for the six months ended
31 December 2011 are to be released on SENS on or about 15 March 2011.
Johannesburg
2 March 2012
Designated Advisor: PSG Capital (Proprietary) Limited
Corporate Advisor: Afrasia Corporate Finance (Pty) Limited
Date: 02/03/2012 12:24:01 Produced by the JSE SENS Department.
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