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BUILDMAX LIMITED - Updated trading statement relating to the financial year ended 28 February 2013

Release Date: 13/05/2013 10:04
Code(s): BDM     PDF:  
Wrap Text
Updated trading statement relating to the financial year ended 28 February 2013

BUILDMAX LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1995/012209/06)
Share Code: BDM
ISIN Code: ZAE000011250
("Buildmax" or the Company)

UPDATED TRADING STATEMENT RELATING TO THE FINANCIAL YEAR ENDED 28 FEBRUARY 2013

This trading statement is issued in compliance with section 3.4(b)(iv) of the JSE Limited 
Listings Requirements and is provided as an update to the trading statement released on 
SENS on 4 March 2013 (the Previous Trading Statement).

Buildmax is pleased to announce that it anticipates that the Companys performance will be 
better than that indicated in the Previous Trading Statement.
                                                     
Accordingly, shareholders are advised that:                            
- Headline earnings per share will improve to between 26.5 and 29.5 cents per share compared 
  to 5.5 cents per share in the previous comparative period - an improvement of between 382% 
  and 436%; and

- Consolidated earnings per share will improve to between 26.5 and 29.5 cents per share 
  compared to a loss per share of 3.0 cents in the previous comparative period.

In calculating the above figures, it should be noted that for comparative purposes, the share 
consolidation ratio implemented in January 2013 was applied to the audited 28 February 2012 
results and as a result the number of shares in issue has decreased to 181 250 293 (excluding 
Treasury shares).

Shareholders are advised that the information included in this announcement has not been 
reviewed or reported on by the Company`s auditors.      

The Company expects its results for the year ended 28 February 2013 to be released on SENS on 
or about 17 May 2013.

Benoni 
13 May 2013 

Sponsor
QuestCo (Pty) Limited        


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