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Italtile Limited - Trading Statement

Release Date: 01/08/2005 07:16
Code(s): ITE
Wrap Text

Italtile Limited - Trading Statement Italtile Limited (Incorporated in the Republic of South Africa) (Registration number 1955/000558/06) ISIN: ZAE000003679 Share code: ITE ("Italtile" or "the company") TRADING STATEMENT In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different from that of the previous corresponding period. In light of the aforementioned requirements, Italtile expects to announce an improvement in Earnings Per Share and Headline Earnings Per Share for the year ended 30 June 2005 of between 25% and 28%, over that of the prior comparative period. Earnings were positively impacted by a favourable macro economic environment which continues to drive the sustained surge in the new residential and renovation markets, the widespread appeal of the group"s CTM and Italtile brands, and growth of the economically influential emerging middle class. Shareholders are advised that the above information has not been reviewed or reported on by Italtile"s external auditors. The company"s results for the year ended 30 June 2005 are expected to be published on 16 August 2005. Johannesburg 1 August 2005 Sponsor Nedbank Capital Date: 01/08/2005 07:16:15 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department