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POY - Poynting Holdings Limited - Trading Statement

Release Date: 09/03/2011 15:53
Code(s): POY
Wrap Text

POY - Poynting Holdings Limited - Trading Statement POYNTING HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1997/011142/06) Share code: POY ISIN: ZAE000121299 ("Poynting" or "the company") TRADING STATEMENT In terms of the Listings Requirements of JSE Limited ("the Listings Requirements"), companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from the previous corresponding period. Accordingly, a review of the financial results for the six months ended 31 December 2010, by management, has indicated that the loss per share is expected to be between 2.88 and 3.40 cents and the headline loss per share is expected to be between 0.82 and 1.33 cents compared to an earnings per share and headline earnings per share of 2.55 cents for the six months ended 31 December 2009. Trading results for the first six months include non cash items amounting to R5.3 million. The order delivery schedule for the Defence Division will also result in a much stronger second half performance for the company. The financial information on which this trading statement is based has not been reviewed or reported on by Poynting`s auditors. Poynting`s interim financial results are expected to be released on SENS on or about 24 March 2010. Johannesburg 9 March 2011 Designated Adviser Merchantec Capital Date: 09/03/2011 15:53:01 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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