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CIL - Consolidated Infrastructure Group Limited - Trading Statement

Release Date: 21/10/2011 08:00
Code(s): CIL
Wrap Text

CIL - Consolidated Infrastructure Group Limited - Trading Statement Consolidated Infrastructure Group Limited (Formerly Buildworks Group Limited) (Incorporated in the Republic of South Africa) (Registration number 2007/004935/06) Share code: CIL ISIN: ZAE000148201 ("CIG" 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 that 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. Accordingly, shareholders are advised that, for the year ended 31 August 2011, CIG anticipates: - basic earnings per share to be between 20% and 25% higher than the 79.85 cents earned in the previous corresponding period; and - fully diluted basic earnings per share to between 40% and 45% higher than the 67.45 cents earned in the previous corresponding period. CIG anticipates: - basic headline earnings per share to be between 2% and 7% lower than the 105.24 cents earned in the previous corresponding period; and - fully diluted headline earnings per share to between 10% and 15% higher than the 88.90 cents earned in the previous corresponding period. Headline earnings for the previous corresponding period included a once off fair value adjustment of R21.8 million. The information on which this trading statement has been based has not been reviewed or reported on by the company`s auditors. The financial results for the year ended 31 August 2011 are expected to be released on SENS on about 27 October 2011. 20 October 2011 Sponsor Java Capital Date: 21/10/2011 08:00:11 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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