Enterprise Risk Management Limited - Trading state
ERM
ERM
Enterprise Risk Management Limited - Trading statement
Enterprise Risk Management Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/001603/06)
JSE Code: ERM & ISIN: ZAE000037701
TRADING STATEMENT
ERM is currently finalising its results for the year ended 28 February 2006
("the reporting period").
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,
relating to Trading Statements, a listed company is required to publish a
trading statement as soon as it becomes aware that the financial results for the
next period to be reported on will differ by at least 20% or more from those of
the previous corresponding period.
Shareholders are advised that ERM will be reporting earnings and headline
earnings of between 27 and 31 cents per share, compared to IFRS adjusted
earnings and headline earnings of 0.3 cents per share, in the prior comparative
period, being the year ended 28 February 2005.
The increase in earnings and headline earnings is attributable primarily to
realised gains on the sale of investments, investment income and interest on
cash deposits arising on the sale of investments
Shareholders must also note that a mark to market adjustment on the investment
portfolio of R7.7 million is included in the results for the year ended 28
February 2005. The mark to market adjustment of between R7 million and R8
million in the reporting period has been taken directly to equity.
The results in respect of the reporting period have not been reviewed or
reported on by the company"s auditors, and are expected to be finalised and
published on the Securities Exchange News Service on or about 30 April 2006.
Randburg
7 March 2006
Sponsor
Grant Thornton Corporate Finance (Proprietary) Limited
Date: 07/03/2006 03:54:03 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
