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ERB - Erbacon Investment Holdings Limited - Trading Statement

Release Date: 05/10/2011 16:00
Code(s): ERB
Wrap Text

ERB - Erbacon Investment Holdings Limited - Trading Statement ERBACON INVESTMENT HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration Number: 2007/014490/06) Share Code: ERB ISIN: ZAE000111571 ("Erbacon" or "the Company" or "the Group") TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes reasonably certain that the financial results for the next period to be reported on will show a 20% or more difference from those of the previous corresponding period. The board has obtained a reasonable degree of certainty that the Group will report a basic loss per share of between 44,13 cents and 42,24 cents, and a headline loss per share of between 24,65 cents and 22,99 cents, respectively for the half year ended 31 August 2011 compared to a basic and headline loss per share of 9,46 cents and 8,30 cents respectively for the prior corresponding period. Trading conditions in the civil construction and commercial and industrial building sectors have remained difficult over the past six months. The Small Plant and Formwork business has been treated as a discontinued operation following a resolution by the Board during July 2011. The financial information on which this trading statement is based has not been reviewed or reported on by the Company`s auditors. The unaudited condensed interim results for the period ended 31 August 2011 will be announced on or about 7 October 2011. 5 October 2011 Designated adviser: PSG Capital (Pty) Limited Date: 05/10/2011 16:00:07 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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