CBS - CBS Property Portfolio Limited - Trading Sta
CBS
CBS
CBS - CBS Property Portfolio Limited - Trading Statement
CBS Property Portfolio Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/009523/06)
Share code: CBS
ISIN: ZAE000073995
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, the board of CBS ("the
board") is required to publish a trading statement as soon as it becomes aware,
with a reasonable degree of certainty, that the distribution for the period to
be reported upon next would differ by at least 15% from the distribution for the
previous corresponding period.
The board accordingly advises that distributable earnings per combined unit for
the six months ending 30 April 2007 are expected to be between 15% and 25%
higher than the previous corresponding period.
The increase in distribution is a result of reduced vacancies in the properties,
the saving in interest rates as a result of conduit financing and profits
realised on the sale of trading properties.
The financial results on which this trading statement is based have not been
reviewed or reported on by CBS`s auditors. The results for the six months ending
30 April 2007 will be published during June 2007.
Cape Town
08 March 2007
Sponsor: Investec Bank Limited
Date: 08/03/2007 15:51:31 Produced by the JSE SENS Department.
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