CSB
CSB
CSB - Cashbuild Limited - Trading Update
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB & ISIN: ZAE000028320
("Cashbuild" or "the company")
TRADING UPDATE
In terms of the JSE Limited 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 be more than 20%
different than that of the prior corresponding period.
In light of the above, Cashbuild expects to announce that statutory headline
earnings per share and earnings per share for the half year ended 31 December
2011 are expected to be 130% to 140% higher than those of the prior half year.
However, when adjusting the comparative figures for the December 2010 six month
period to exclude the effects of the BEE repurchase of shares and subsequent
distribution to The Cashbuild Empowerment Trust beneficiaries, the headline
earnings per share and earnings per share for the half year ended 31 December
2011 are expected to be 20% to 30% higher than the prior half year`s adjusted
figures. The table below is provided to illustrate the comparatives;
Headline Earnings per
Earnings share
per share (Range)
(range)
Statutory results 130% - 140% 130% - 140%
Compared to adjusted December
2010 half year results 20% - 30% 20% - 30%
The above information has not been reviewed or reported on by the company`s
auditors and the company`s results for the half year ended 31 December 2011 are
expected to be published on or about 20 March 2012.
Johannesburg
7 March 2012
Sponsor
Nedbank Capital
Date: 07/03/2012 15:11:01 Produced by the JSE SENS Department.
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