RMH
RMH
RMH - RMB Holdings Limited - Trading Statement
RMB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/005115/06)
ISIN: ZAE000024501
Share Code: RMH
(`RMBH` or `the Company`)
TRADING STATEMENT IN RESPECT OF THE SIX MONTHS ENDED 31 DECEMBER 2006
Shareholders are referred to the trading statement issued by the Company`s
associate, FirstRand Limited (`FirstRand`) on 21 February 2007.
In that announcement and in compliance with the JSE Listings Requirements,
FirstRand advised that its earnings for the six months ended 31 December
2006 are expected to exceed the previous comparative period as follows:
- basic and diluted earnings per share by between 28% and 34%;
- basic and diluted headline earnings per share by between 22% and 28%;
and
- basic and diluted normalised earnings per share by between 22% and
28%.
FirstRand uses normalised earnings to reflect operational performance
trends as such basis takes into account non-operational and accounting
anomalies inherent in the calculation of headline earnings.
As its investment in FirstRand produces the bulk of RMBH`s earnings, it is
anticipated that the impact outlined in FirstRand`s trading statement will,
to a large extent, flow through into RMBH`s results for the six months
ended 31 December 2006.
The financial information on which this trading statement is based has not
been reviewed and reported on by the Company`s auditors.
Full details of RMBH`s financial results are expected to be released on
SENS on 28 February 2007 and published in the press on 1 March 2007.
21 February 2007
Sandton
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 21/02/2007 15:15:00 Produced by the JSE SENS Department.
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