HSP
HSP
HSP - Holdsport Limited - Trading Statement
Holdsport Limited
(incorporated in the Republic of South Africa)
(Registration number 2006/022562/06)
JSE share code: HSP
ISIN: ZAE000157046
("Holdsport" or the "Company")
TRADING STATEMENT
In terms of JSE Limited Listings Requirements, a company is required to
publish a trading statement, once it is reasonably certain that its results
will increase by 20% or more over the corresponding reporting period.
The Company advises that its basic and headline earnings per share are
expected to be between 350 cents and 360 cents for the year ended 29
February 2012 ("the period").
Core headline earnings per share is expected to be between 382 cents and 392
cents for the period. Holdsport defines core headline earnings as headline
earnings adjusted for amortisation of intangibles, straight lining of leases
and non-recurring professional fees, all net of taxation.
The increase in earnings over the year ended 28 February 2011 ("the previous
period") was due to pleasing growth in operating income. This was further
enhanced by the following:
* foreign exchange gains of approximately R1m in the period compared
to a loss on foreign exchange transactions of approximately R7m in
the previous period; and
* net financing charges for the period reduced to approximately R9m
from approximately R19m in the prior period.
Investors are advised that the financial information in this trading
statement has neither been reviewed nor reported on by the external
auditors. The Company`s final results for the period are scheduled to be
announced on Friday, 18 May 2012.
Cape Town
30 March 2012
Sponsor: UBS South Africa (Pty) Ltd
Date: 30/03/2012 13:30:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
