BPL
BPL
Barplats Investments Limited - Trading Statement
BARPLATS INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/004830/06)
Share code: BPL & ISIN: ZAE000028692
("Barplats" or "the Company")
TRADING STATEMENT
Shareholders are referred to the announcement released on SENS on 14 July 2006
wherein it was mentioned that Barplats" unaudited results for the three months
to March 2006 reported an operating profit for the period of R14.9 million.
Barplats has continued to operate profitably. However, given the impact of the
application of the International Financial Reporting Standards (IFRS) and in
particular IFRS 2 which relates to the treatment of share-based payments (in
this instance relating primarily to the black economic empowerment transaction
with Gubevu Consortium Investment Holdings ( Pty ) Limited), Barplats expects to
announce a loss per share of between 114 and 116 cents and a headline loss per
share of between 135 and 137 cents for the twelve months ended 30 June 2006
(2005: earnings per share of 11 cents and headline loss of 14 cents per share ).
Had Barplats not adopted the accounting treatment for share-based payments,
headline earnings per share would have been between 1 and 2 cents (2005: loss of
14 cents per share)
Shareholders are advised that the above information has not been reviewed or
reported on by the company"s auditors and that the company"s results for the
twelve months ended 30 June 2006 are expected to be released on 29 September
2006.
Johannesburg
18 September 2006
Sponsor
Nedbank Capital
Date: 18/09/2006 04:00:05 PM Produced by the JSE SENS Department
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