Enterprise Risk Management Limited - Trading State
ERM
ERM
Enterprise Risk Management Limited - Trading Statement
Enterprise Risk Management Limited
(Registration number 1995/001603/06)
Incorporated in the Republic of South Africa
Share code: ERM & ISIN: ZAE000037701
("ERM" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the
financial results for the period to be reported on will differ by more than 20%
from that of the previous corresponding period.
Accordingly, a review of the financial results for the period ended 31 August
2006 ("the reporting period") by management has indicated that ERM will be
reporting earnings of between 7,70 and 8,10 cents per share and a headline loss
of between 0,45 and 0,55 cents per share for the reporting period, compared to
earnings of 5,30 cents per share and restated headline earnings of 0,80 cents
per share, in the prior comparative period, being the six months ended 31 August
2005.
Earnings in respect of the reporting period have arisen, inter alia, as a result
of realised capital gains on the sale of investments. The difference between
earnings and the headline loss is attributable to the exclusion of realised
capital gains on the sale of investments from earnings.
The results in respect of the reporting period are in the process of being
reviewed by the company"s auditors and are expected to be finalised and
published on the Securities Exchange News Service on or about 3 October 2006.
Randburg
26 September 2006
Sponsor
Merchant Sponsors (Proprietary) Limited
Date: 26/09/2006 03:56:02 PM Produced by the JSE SENS Department
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