SKJ - Sekunjalo Investments Limited - Trading statement

SKJ - Sekunjalo Investments Limited - Trading statement                         
Sekunjalo Investments Limited                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/006093/06)                                            
Share code: SKJ & ISIN: ZAE000017893                                            
("Sekunjalo" or "the company")                                                  
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Limited, a listed company is   
required to publish a trading statement as soon as it becomes aware  that a     
reasonable degree of certainty exists that its financial results for the next   
reporting period will differ by 20% or more from those of the corresponding     
reporting period of the previous year. The Board of Sekunjalo accordingly       
advises that they expect headline earnings per share and (basic loss) per       
share for the year ended 31 August 2009 to be between 1.4c to 1.7c and (9.7c)   
to (11.6c) per share, respectively.                                             
Earnings/(loss) per share have been impacted largely due to non-recurring       
impairments of goodwill of R33.9m, property plant and equipment R32m and        
intangible assets, R13m and impairment of other financial assets, R3.9m,        
totalling approximately, R82.8m. Restructuring cost in the form of              
retrenchments and the like, totalling approximately R7.5m before tax was also   
taken into account for the calculation of headline earnings per share and       
basic loss per share. Should one exclude such restructuring cost in the         
calculation of headline earnings per share, headline earnings per share would   
have been between 2.8c to 3.4c per share.                                       
It is anticipated that the financial results of Sekunjalo for the year ended    
31 August 2009 will be released on SENS on or about Wednesday, 25 November      
2009.                                                                           
The financial information on which this trading statement is based has not      
been reviewed and reported on by the company`s auditors.                        
Cape Town                                                                       
20 November 2009                                                                
Sponsor                                                                         
PSG Capital (Pty) Limited                                                       
Date: 20/11/2009 15:32:01 Supplied by www.sharenet.co.za                     
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