HSP - Holdsport Limited - Trading statement

HSP - Holdsport Limited - Trading statement                                     
Holdsport Limited                                                               
(incorporated in the Republic of South Africa)                                  
(Registration number 2006/022562/06)                                            
JSE share code: HSP                                                             
ISIN: ZAE000157046                                                              
("Holdsport" or the "Company")                                                  
TRADING STATEMENT                                                               
In terms of JSE Limited Listings Requirements, a company is required to         
publish a trading statement, once it is reasonably certain that its             
results will differ by 20% or more over the corresponding reporting             
period. The Company advises that it expects basic, headline and core            
headline earnings per share for the 6 month period ended 31 August 2011         
("the period") to increase by 20% or more over the pro forma comparable         
period.                                                                         
Holdsport`s earnings were enhanced by a reduction in financing charges          
as a result of the capital restructuring and repayments of debt.                
The Company advises that its basic and headline earnings per share are          
expected to be between 137 cents and 147 cents for the period and core          
headline earnings per share is expected to be between 154 cents and 164         
cents for the period. Holdsport defines core headline earnings as               
headline earnings adjusted for amortisation of intangibles, straight            
lining of leases and non-recurring professional fees, all net of                
taxation.                                                                       
Investors are advised that this trading statement does not constitute an        
earnings forecast, and that the financial information provided has              
neither been reviewed nor reported on by the external auditors. The             
Company`s interim results for the period are scheduled to be announced          
on Tuesday, 27 September 2011.                                                  
Cape Town                                                                       
14 September 2011Sponsor: UBS South Africa (Pty) Ltd                            
Date: 14/09/2011 15:30:01 Supplied by www.sharenet.co.za                     
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