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SAN - Sanyati Holdings Limited - Trading statement for the six month ended 31

Release Date: 17/10/2011 17:34
Code(s): SAN
Wrap Text

SAN - Sanyati Holdings Limited - Trading statement for the six month ended 31 August 2011 Sanyati Holdings Limited Incorporated in the Republic of South Africa Registration number: 1988/002538/06 Share code: SAN ISIN code: ZAE000081055 ("Sanyati" or "the company") TRADING STATEMENT FOR THE SIX MONTH ENDED 31 AUGUST 2011 In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Sanyati is currently finalising its results for the six months ended 31 August 2011. Shareholders are advised that earnings per share and headline earnings per share are expected to be approximately 40% to 45% less than the previous corresponding period. This movement is largely attributable to the competitive market conditions that have been evident in Sanyati`s traditional markets in South Africa in the last 18 months. The result is very much in line with those for the second six months of the reported results for the year ended 28 February 2011 and the company has made sound progress with the improvement of the order book to a value of R1.6 billion as at 31 August 2011. 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 six months ended 31 August 2011 are expected to be published on SENS on or about 25 October 2011. Bryanston 17 October 2011 Sponsor BDO Corporate Finance Date: 17/10/2011 17:34:01 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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