Tourvest - Trading Statement Update
TOURISM INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/008144/06)
Share code: TRT
ISIN: ZAE000012472
(`Tourvest`)
Trading Statement Update
Tourvest refers to the Trading Statement released yesterday on 11 August 2005
and withdraws the announcement in Paragraph 2 thereof, which read:
`Heps for the year ended 25 June 2005 are expected to increase by between 180%
and 200%, from 5.95 cents last year. Eps is expected to increase by between 170%
and 190%, from 6.36 cents last year, primarily as a result of the lower
secondary tax on companies charge for the period of R38 million (as previously
reported on 22 February 2005).`
and replaces it with the following:
`Heps for the year ended 25 June 2005 are expected to increase by between 80%
and 100%, from 5.95 cents last year to between 10.7 cents and 11.9 cents per
share. Eps is expected to increase by between 70% and 90%, from 6.36 cents last
year, to between 10.8 cents and 12.1 cents per share, primarily as a result of
the lower secondary tax on companies charge for the period of R38 million (as
previously reported on 22 February 2005).`
The reference to the percentage increase in Heps and Eps in the previous
statement was badly worded and incorrectly stated the incremental percentage
increase in Heps and Eps for the year ended 25 June 2005.
The financial information on which this trading statement is based has not been
reviewed or reported on by Tourvest`s auditors. The release of the results for
the year ended 25 June 2005 will be published on or about 18 August 2005.
By order of the board
Johannesburg
12 August 2005
Sponsor:
Investec Bank Limited
Date: 12/08/2005 02:23:04 PM
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