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BNT - Bonatla Property Holdings Limited - Trading statement for the year ended

Release Date: 06/01/2011 15:38
Code(s): BNT
Wrap Text

BNT - Bonatla Property Holdings Limited - Trading statement for the year ended 31 December 2010 BONATLA PROPERTY HOLDINGS LIMITED Incorporated in the Republic of South Africa Registration Number 1996/014533/06 Share Code: BNT ISIN Number: ZAE000013694 ("Bonatla" or "the company") TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2010 In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE Limited, listed companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the next period to be reported on will be more than 20% different from those of the previous corresponding period or from a profit forecast previously provided to the market in relation to such period. The board would like to advise shareholders that Bonatla has now returned to profitability and compared to the previous year: 1 Headline earnings per share is expected to improve by more than 200% (from a headline loss per share to headline earnings per share) when compared to the previous year, although a range cannot yet be identified until the accounting treatment of recently announced acquisitions and certain costs associated with those acquisitions has been established. 2 A trading update cannot yet be issued on earnings per share until the above accounting treatment is established. In addition, the board would like to advise shareholders that Bonatla published a profit forecast for the year ending 31 December 2010 in a circular to shareholders dated 11 April 2009. In relation to the profit forecast shareholders are advised that earnings per share and headline earnings per share is expected to more than 45% lower than the forecast earnings per share of 2.07 cents per share. A further trading update will be issued once the appropriate accounting treatment has been agreed with the company`s auditors. The financial information on which this trading statement is based has not been reviewed by the company`s auditors. Houghton 6 January 2011 Sponsor Arcay Moela Sponsors (Proprietary) Limited Date: 06/01/2011 15:38:01 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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