MBN TRE MOB TED2 MOBD
MOB TRE
Trencor Limited/Mobile Industries Limited - Trading Statement
TRENCOR LIMITED
(Reg No 1955/002869/06)
("Trencor")
Share Code: ISIN:
TRE ZAE000007506
TED2 ZAE000007282
MOBILE INDUSTRIES LIMITED
Reg No 1968/014997/06)
("Mobile")
Share Code: ISIN:
MOB ZAE000004602
MBN ZAE000012274
MOBD ZAE000004610
TRADING STATEMENT
Holders of securities in Trencor and Mobile are advised that, despite a small
increase in trading income after net interest expense, Trencor expects to report
undiluted headline earnings of between 125,0 and 135,0 SA cents per share for
the six months to 30 June 2006 compared to 174,7 SA cents for the same period in
2005. The principal reason for this decline is that unrealised gains arising on
the translation of the net long-term receivables, amounting to R151 million, are
lower than the gains in the corresponding period in 2005 of R273 million. The
spot exchange rate declined by 79 cents from US$1 = R6,31 at 31 December 2005 to
R7,10 at 30 June 2006. In the corresponding period last year, the spot exchange
rate declined by 104 cents. Expressed in US currency, unrealised exchange gains
arising on translation of certain liabilities declined to US$3 million for the
six months under review, from US$16 million last year. Undiluted headline
earnings for this reporting period are expected to decline from 16,5 US cents
per share in 2005 to approximately 11,0 US cents per share for 2006.
This financial information has not been reviewed or reported on by the
companies" independent auditors. The unaudited interim results in respect of the
six months ended 30 June 2006 are expected to be published on or about 24 August
2006.
ON BEHALF OF THE BOARDS
NI JOWELL CHAIRMAN TRENCOR LIMITED
C JOWELL CHAIRMAN MOBILE INDUSTRIES LIMITED
11 August 2006
www.trencor.net
www.mobile-industries.net
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 11/08/2006 01:00:08 PM Produced by the JSE SENS Department
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