RLO
RLO
RLO - Reunert Limited - Trading Statement
REUNERT LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1913/004355/06
ISIN: ZAE000057428
JSE Code: RLO
("Reunert" or "the Company")
TRADING STATEMENT
Reunert is currently finalising its results for the six months ended 31 March
2012, which should be released on SENS on or about 28 May 2012. Shareholders are
advised that, with a reasonable degree of certainty:
- earnings per share will be between 32% and 38% lower;
- headline earnings per share will be between 12% and 18% higher; and
- normalised headline earnings per share will be between 11% and 17%
higher
than the corresponding reporting period of the previous year.
The decrease in earnings per share is attributable to the abnormal gain of
R346,4 million realised on the sale of Reunert`s investment in Nokia Siemens
Networks South Africa in January 2011. This transaction was excluded from the
calculation of headline and normalised headline earnings per share in the
comparable period in the prior year.
The forecast financial information on which the trading statement is based has
not been reviewed and reported on by the Company`s external auditors.
Sandton
2 May 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/05/2012 13:01:31 Produced by the JSE SENS Department.
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