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SNV - Santova - Updated trading statement

Release Date: 17/05/2011 08:32
Code(s): SNV
Wrap Text

SNV - Santova - Updated trading statement SANTOVA LOGISTICS LIMITED (Registration Number 1998/018118/06) Share Code: SNV ISIN: ZAE000090650 ("Santova" or "the Company") UPDATED TRADING STATEMENT In terms of the listing requirements of the JSE Limited ("JSE"), a company has to publish a trading statement if an increase or decrease of more than 20% (compared to the previous reporting period) in its basic earnings per share or headline earnings per share is expected. The reason for this trading update and the change between this and the trading update issued on 10th May 2011 are adjustments arising from audit and the final review by the Board of the annual results. Shareholders of Santova are advised that Group earnings and Group headline earnings per share for the year ended 28 February 2011 will be approximately 1,25 and 1,07 cents per share, respectively, an increase of 312,3% and 245,6% respectively, to the last published 28 February 2010 annual results. This trading statement and SENS announcement has not been reviewed nor audited by the Company`s auditors, Deloitte & Touche. The Company expects to publish its audited abridged group results for the year ended 28 February 2011 on or about 24th May 2011 and post its Annual Integrated Report on or about 31st May 2011. Durban 17 May 2011 Designated Advisor River Group Date: 17/05/2011 08:32:01 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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