NEWS & MEDIA > TRADING STATEMENT
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA
In terms of JSE Limited Listings Requirements, a company is required to publish a trading statement, once it is reasonably certain that its results will differ by 20% or more over the corresponding reporting period. The Company advises that it expects basic, headline and core headline earnings per share for the 6 month period ended 31 August 2011 (“the period”) to increase by 20% or more over the pro forma comparable period.
Holdsport’s earnings were enhanced by a reduction in financing charges as a result of the capital restructuring and repayments of debt.
The Company advises that its basic and headline earnings per share are expected to be between 137 cents and 147 cents for the period and core headline earnings per share is expected to be between 154 cents and 164 cents for the period. Holdsport defines core headline earnings as headline earnings adjusted for amortisation of intangibles, straight lining of leases and non-recurring professional fees, all net of taxation.
Investors are advised that this trading statement does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The Company’s interim results for the period are scheduled to be announced on Tuesday, 27 September 2011.
Sponsor: UBS South Africa (Pty) Ltd