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RAC - RACEC Group Limited - Trading Statement

Release Date: 09/05/2011 11:10
Code(s): RAC
Wrap Text

RAC - RACEC Group Limited - Trading Statement RACEC GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1998/006153/06) Share code: RAC ISIN: ZAE000105409 ("RACEC") TRADING STATEMENT In terms of the Listings Requirements of JSE Limited, 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 that of the previous corresponding period. Accordingly, a review of the financial results for the six month period ended 31 March 2011 by management has indicated that the earnings per share and the headline earnings per share are expected to be between 2.7 cents and 3.1 cents, compared to the loss per share of 1.9 cents and the headline loss per share of 2.0 cents for the six month period ended 31 March 2010. The financial information on which this trading statement is based has not been reviewed or reported on by RACEC`s auditors. RACEC`s interim financial results are expected to be released on SENS on or about 8 June 2011. Cape Town 9 May 2011 Designated Adviser Merchantec Capital Date: 09/05/2011 11:10:01 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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