IFA HOTELS AND RESORTS LIMITED - Trading update for the six months ended 30 June 2012

Trading update for the six months ended 30 June 2012

IFA Hotels & Resorts Limited
(Incorporated in the Republic of South Africa)
(Registration number 1919/001318/06)
Share code: IFH
ISIN: ZAE000075669
(“IFA” or “the Group”)


Trading update for the six months ended 30 June 2012


In accordance with paragraph 3.4 (b) of the JSE Limited
Listings Requirements, companies are required to publish a
trading statement as soon as they become reasonably certain
that the financial results for the reporting period will
differ by more than 20% from those of the previous
corresponding period. Shareholders of IFA are therefore
advised that the loss per share for the six months ended 30
June 2012 is expected to be between 6.00 cents and 8.00 cents
(unpublished six months to 30 June 2011: loss 16.08 cents per
share and published twelve months to 30 June 2011: loss 14.05
cents per share) and the headline loss per share for the six
months ended 30 June 2012 is expected to be between 6.00 cents
and 8.00 cents (unpublished six months to 30 June 2011: loss
16.08 cents per share and published twelve months to 30 June
2011:loss 19.17 cents per share).


The inclusion of unpublished comparative information above is
due to the change in IFA’s year end from June to December.


The results for the six months ended 30 June 2012 will be
published towards the end of September 2012.


The reduction in loss per share and headline loss per share
for the six months ended 30 June 2012 is mainly attributed to
a reduction in the losses from associates and lower finance
costs.


This trading statement has not been reviewed or reported on by
the Group’s external auditors.



Zimbali
14 September 2012
Sponsor: Sasfin Capital (a division of Sasfin Bank Limited)

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