BDM - Buildmax Limited - Trading statement

BDM - Buildmax Limited - Trading statement                                      
Buildmax Limited                                                                
(Registration No. 1995/012209/06)                                               
Share Code: BDM  ISIN Code: ZAE000011250                                        
("Buildmax" or the "company")                                                   
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Limited, companies are         
required to publish a trading statement as soon as they are satisfied a         
reasonable degree of certainty exists that the financial results for the        
period to be reported upon next will differ by at least 20% from the            
financial results for the previous corresponding period.                        
The turn-around strategy that was communicated to shareholders                  
incorporating a greater focus on mining implemented during the 2011             
financial year has started to deliver promising results with a notable          
improvement in the operating performance in the Mining Services Business        
Unit. The Construction Materials Business Unit is still experiencing            
tough trading conditions albeit a relatively small contributor to Group         
revenue.                                                                        
The strategic and restructuring initiatives undertaken by the Group are         
discussed in detail in the Group`s Integrated Report for the financial          
year ended 28 February 2011, that was posted to shareholders at the end         
of August 2011.                                                                 
Shareholders are advised that Buildmax expects a headline profit per            
share of between breakeven and 0.1 cents for the six months ended 31            
August 2011 compared to the headline loss per share of 7,0 cents for the        
six months ending 31 August 2010 (restated to 3.3 cents loss per share          
as a result of the rights issue in November 2010).                              
The Group`s basic loss per share for the six months ended 31 August 2011        
will improve to between 0.3 and 0.5 cents per share from the reported           
loss per share of 31,6 cents for the six months ended 31 August 2010            
(restated to a loss of 15.0 cents per share).                                   
The variance between the Group`s headline profit and basic loss per             
share resulted from a loss on sale of operationally redundant mining            
equipment and the impairment of historical shareholder loans on the sale        
of Benoni Sand and Buildware (Pty) Limited to management.                       
The information on which this trading statement has been based has not          
yet been reported on by the company`s auditors.                                 
13 September 2011                                                               
Sponsor                                                                         
Java Capital                                                                    
Date: 13/09/2011 17:17:51 Supplied by www.sharenet.co.za                     
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