Italtile Limited - Trading Statement
Italtile Limited
(Incorporated in the Republic of South Africa)
(Registration number 1955/000558/06)
ISIN: ZAE000003679 Share code: ITE
(`Italtile` or `the company`)
TRADING STATEMENT
In terms 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 from that of the previous corresponding period.
In light of the aforementioned requirements, Italtile expects to announce an
improvement in Earnings Per Share and Headline Earnings Per Share for the year
ended 30 June 2005 of between 25% and 28%, over that of the prior comparative
period.
Earnings were positively impacted by a favourable macro economic environment
which continues to drive the sustained surge in the new residential and
renovation markets, the widespread appeal of the group`s CTM and Italtile
brands, and growth of the economically influential emerging middle class.
Shareholders are advised that the above information has not been reviewed or
reported on by Italtile`s external auditors. The company`s results for the year
ended 30 June 2005 are expected to be published on 16 August 2005.
Johannesburg
1 August 2005
Sponsor
Nedbank Capital
Date: 01/08/2005 07:16:15 AM
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