OCE - Oceana Group Limited - Updated trading statement
OCE
OCE
OCE - Oceana Group Limited - Updated trading statement
Oceana Group Limited
(Registration number: 1939/001730/06)
JSE Share Code: OCE
NSX Share Code: OCG
ISIN: ZAE000025284
("The Company" or "Group")
UPDATED TRADING STATEMENT
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE
Limited and further to the Trading Statement released on the Securities
Exchange News Service ("SENS") on Tuesday, 2 May 2012, shareholders are
advised that basic earnings per share and basic headline earnings per share
for the six months ended 31 March 2012 are expected to be between 20% and
22% higher than the comparative figure for the six months ended 31 March
2011 ("comparative period").
Shareholders are referred to an announcement released on SENS earlier today
regarding the Consent Agreement concluded between the Company, its
subsidiary Oceana Brands Limited and the Competition Commission in relation
to its investigation into the small pelagic fishing industry. The financial
results for the six months ended 31 March 2012 include a provision
amounting to R34.75 million in respect of the administrative penalty agreed
with the Competition Commission.
Shareholders are further advised that Group operating profit for the six
months ended 31 March 2012, excluding the effect of the aforementioned
Competition Commission penalty, is expected to be between 40% and 42%
higher than for the comparative period.
The financial information and voluntary additional information on which
this updated trading statement is based has not been reviewed and/or
reported on by the Company`s auditors.
The Company expects its results for the six months ended 31 March 2012 to
be released on SENS on or about Friday, 11 May 2012.
Cape Town
9 May 2012
JSE Sponsor
The Standard Bank of South Africa Limited
Namibian Sponsor
Namibia Old Mutual Investment Services (Namibia) Proprietary Limited
Date: 09/05/2012 13:56:01 Produced by the JSE SENS Department.
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