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RLF - Rolfes Technology Holdings Limited - Trading Statement

Release Date: 02/09/2009 08:30
Code(s): RLF
Wrap Text

RLF - Rolfes Technology Holdings Limited - Trading Statement ROLFES TECHNOLOGY HOLDINGS LIMITED (Registration number 2000/002715/06) Share Code: RLF & ISIN: ZAE000096202 ("Rolfes" or "the Company") Trading statement In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as there is a reasonable degree of certainty that the earnings of the company are likely to differ by at least 20% from those of the previous corresponding period. Accordingly, Rolfes hereby advises that, for the year ended 30 June 2009, the Company expects basic earnings per share and headline earnings per share to be between 58% to 68% below the comparative figures for the prior year ended 30 June 2008. The significant decline in the results is primarily due to the losses incurred in the chemicals division, which division has now been totally restructured. The operations already closed will be reported as discontinued operations. Therefore, for the year ended 30 June 2009, the Company expects basic earnings per share and headline earnings per share in respect of continued operations to be between 0% to 10% below the comparative figures for the prior year ended 30 June 2008. The information in this trading update has not been reviewed or reported on by the Company`s auditors. It is anticipated that the financial results for the year ended 30 June 2009 will be published on or before Friday, 25 September 2009. Johannesburg 2 September 2009 Designated Adviser: PSG Capital (Proprietary) Limited Date: 02/09/2009 08:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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