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Wed 18 Apr 2012, 9:29 CND - Conduit Capital Limited - Trading Statement
CND
CND                                                                             
CND - Conduit Capital Limited - Trading Statement                               
CONDUIT CAPITAL LIMITED                                                         
Incorporated in the Republic of South Africa                                    
(Registration number 1998/017351/06)                                            
Share code: CND     ISIN: ZAE000073128                                          
("Conduit" or "the group")                                                      
TRADING STATEMENT                                                               
In terms of the Listings Requirements of JSE Limited, companies are             
required to publish a trading statement as soon as they become reasonably       
certain that the financial results for the period to be reported on will        
differ by more than twenty percent from that of the previous corresponding      
period. Accordingly, a review by management of the financial results for        
the six months ended 29 February 2012 has indicated that operating profit,      
net profit before tax, attributable earnings, headline earnings, earnings       
per share ("EPS"), headline earnings per share ("HEPS"), net asset value        
per share ("NAV") and tangible net asset value per share ("TNAV") are           
expected to be as follows:                                                      
                      Unaudited  Unaudited                                      
                      six        six                                            
months     months             Percentage                  
                      to         to         Change  increase                    
                      29 Feb     28 Feb                                         
                      2012       2011                                           
Operating profit       21 726     12 671     9 055   71.5%                      
Net profit before tax  38 348     24 661     13 687  55.5%                      
(R`000)                                                                         
Attributable earnings  19 888     10 063     9 825   97.6%                      
(R`000)                                                                         
Headline earnings      20 438     10 052     10 386  103.3%                     
(R`000)                                                                         
EPS (cents)            7.8        4.0        3.8     95.0%                      
HEPS (cents)           8.0        4.0        4.0     100.0%                     
NAV (cents)            102.6      101.3      1.3     1.3%                       
TNAV (cents)           84.4       82.9       1.5     1.8%                       
                                                                                
Number of shares in    254 777    250 277                                       
issue, net of                                                                   
treasury shares                                                                 
(`000)                                                                          
Weighted average       254 777    250 277                                       
number of shares                                                                
(`000)                                                                          
Notes: 1. The marginal increase in NAV and TNAV is attributable to a            
capital distribution of 10 cents per share, paid to shareholders       
         in December 2011.                                                      
     2.  The financial information on which this trading statement is           
         based has not been reviewed or reported on by the group`s              
auditors.                                                              
Conduit`s unaudited interim results for the six months ended 29 February        
2012, incorporating further commentary on all operating units, are expected     
to be released by the end of April 2012.                                        
Johannesburg                                                                    
18 April 2012                                                                   
Sponsor                                                                         
Merchantec Capital                                                              
Date: 18/04/2012 09:29:01 Produced by the JSE SENS Department.                  
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