Edgars Consolidated Stores Limited - Trading state
Edgars Consolidated Stores Limited - Trading statement
EDGARS CONSOLIDATED STORES LIMITED
"Edcon"
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
ISIN Code: ZAE000068649
Share Code: ECO
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are reasonably satisfied that the
financial results for the period to be reported upon next will differ by at
least 20% from the previous corresponding period.
Accordingly, Edcon advises that its sales for the 26 weeks ended 1 October 2005
will be approximately 22% higher than the 27 weeks ended 2 October 2004. The
comparable 26 week period sales will be 27% above last year.
As indicated in the prospects statement and reaffirmed in the July trading
update, on this activity growth the Group expects the growth in its diluted
headline earnings per share for the 26 weeks ended 1 October 2005 to be greater,
at between 25% and 30% higher than the 27 weeks ended 2 October 2004. Based on
like-for-like trading weeks, diluted headline earnings per share will have risen
between 35% and 40%. Earnings per share will reflect similar growth levels. All
increases are after the 5% impact on current earnings of the recently announced
Staff Empowerment Transaction.
In accordance with paragraph 3.4 (b)(vi)(2) of the JSE Listings Requirements,
this estimate has not been reviewed nor reported on by the company"s external
auditors.
Johannesburg
13 October 2005
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
Namibian Sponsor
Irwin Jacobs Greene (Pty) Limited
Date: 13/10/2005 08:05:02 AM Produced by the JSE SENS Department
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