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SLO - Southern Electricity Company Limited - Trading statement

Release Date: 23/09/2011 10:13
Code(s): SLO
Wrap Text

SLO - Southern Electricity Company Limited - Trading statement Southern Electricity Company Limited (Incorporated in the Republic of South Africa) (Registration number 1997/006894/06) Share code: SLO ISIN: ZAE000041919 ("SELCo" or "the company") TRADING STATEMENT In terms of paragraph 3.4 (b) of the JSE Limited`s Listings Requirements, a listed company is required to issue a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from the financial results of the previous corresponding period. Shareholders are referred to the trading statement published by the company on 2 September wherein they were advised that the company expected, for the year ended 30 June 2011, to report both a loss and headline loss per share of between 0.80 cents and 1.20 cents compared to the corresponding period`s restated earnings and headline earnings per share of 3.81 and 3.83 cents respectively. The company is in the process of finalising its results for the year ended 30 June 2011. The company now expects to report both a loss and a headline loss of 0.09 cents per share. The financial information on which this trading statement is based has not been reviewed or reported on by the company`s auditors. The results for the year ended 30 June 2011 are expected to be published on or about 30 September 2011. Johannesburg 23 September 2011 Sponsor: Grindrod Bank Limited Date: 23/09/2011 10:13:01 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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