Grindrod Limited - Trading Statement
Grindrod Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Share code: GND
ISIN Number: ZAE000052247
(`Grindrod ` or `the Company`)
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 next, will differ by more
than 20% from those of the previous corresponding period.
On 25 May 2005 the Company announced that it expected its basic earnings and
headline earnings per share for the six months ended 30 June 2005 to increase by
between 50 - 60% on the 253,0 cents and 256,2 cents per share respectively,
reported for the six months ended 30 June 2004.
The board of directors of Grindrod wish to advise that its basic earnings and
headline earnings per share for the six months ended 30 June 2005 are now
expected to increase by between 65 - 75% on the 253,0 cents and 256,2 cents per
share respectively, reported for the six months ended 30 June 2004. The main
reasons for this increase is the effect of the weakened Rand and improved
operating results for the period May and June 2005.
The forecast contained in this Trading Statement has not been reviewed or
reported on by the company`s external auditors. Grindrod will release its
interim results for the six months ended 30 June 2005 on or about 17 August
2005.
By order of the board.
18 July 2005.
Sponsor
Exchange Sponsors (Pty) Ltd
Date: 18/07/2005 12:31:18 PM
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