To view the PDF file, sign up for a MySharenet subscription.

RLO/RLZP - Reunert Limited - Trading statement

Release Date: 27/10/2011 14:56
Code(s): RLO RLZP
Wrap Text

RLO/RLZP - Reunert Limited - Trading statement REUNERT LIMITED (Incorporated in the Republic of South Africa) Registration Number: 1913/004355/06 Ordinary share code: RLO ISIN: ZAE000057428 Preference share code: RLZP ISIN: ZAE000005930 ("Reunert" or "the Company") TRADING STATEMENT Reunert is currently finalising its results for the year ended 30 September 2011, which should be released on SENS on or about 14 November 2011. Shareholders are advised that, with a reasonable degree of certainty: - earnings per share will be between 55% and 65% higher; - headline earnings per share will be between 15% and 20% higher; and - normalised headline earnings per share will be between 10% and 16% higher than the corresponding reporting period of the previous year. The increase in earnings per share is primarily attributable to the gain of R346,7 million on the sale of Reunert`s investment in Nokia Siemens Networks South Africa in January 2011 for R793,5 million, as fully disclosed on SENS on 4 February 2011. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company`s external auditors. Sandton 27 October 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 27/10/2011 14:56:01 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.

Share This Story