HCI
HCI
HCI - Hosken Consolidated Investments Limited - Trading Statement
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)
("HCI" or "the company")
TRADING STATEMENT
In terms of section 3.4 (b) 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 previous
corresponding period.
As a result of the above, HCI shareholders are informed that it is expected
that for the year ended 31 March 2012, HCI`s headline earnings will be
between 762 cents and 842 cents per share compared to the prior year restated
headline earnings of 573 cents per share, and the basic earnings will be
between 910 and 1 004 cents per share compared to 5 096 cents per share, as
restated, in the prior year.
The significant increase in headline earnings per share is partly as a result
of the reversal of contingent purchase consideration recognised by Tsogo Sun
Holdings Limited and the recognition of a favourable settlement of claims by
Seardel Investment Corporation Limited. The significant decrease in basic
earnings per share is mainly as a result of the investment surplus recognised
in the prior year on the merger of the hotel and gaming interests of Tsogo
Sun Holdings (Proprietary) Limited and Gold Reef Resorts Limited.
The above information has not been reviewed or reported on by the Company`s
auditors. The Company`s results are expected to be published on or about 17
May 2012.
11 May 2012
Sponsor:
Investec Bank Limited
Date: 11/05/2012 17:00:03 Produced by the JSE SENS Department.
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