SSK 201210190044A
Trading Statement
Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK ISIN: ZAE000123766
(“Stefanutti Stocks” or “the Group”)
TRADING STATEMENT
In terms of Paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, the Board of Stefanutti
Stocks hereby announces that the Group’s results for the six months ended 31 August 2012, being
earnings and headline earnings per share, are expected to between 50% to 70% lower than the
earnings and headline earnings per share for the prior comparative period.
Although revenue is anticipated to show an increase of between 23% and 33%, the reduction in
earnings can be attributed to:
* Reduction in margin due to competitive trading conditions;
* A number of problematic contracts mainly in the Building Business Unit; and
* Some bad debt write offs.
No provision has yet been made for possible penalties payable to the Competition Commission
pursuant to its investigation into anti-competitive behaviour by companies within the construction
sector, as discussions regarding the scope of a potential settlement are at an early stage and the
potential quantum has yet to be discussed. Accordingly no reliable estimate can be made as to the
amount of any obligation to the Group.
The financial information on which this trading statement is based has not been reviewed or reported
on by the Group’s auditors.
Johannesburg
19 October 2012
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 19/10/2012 04:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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