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LHC - Life Healthcare - Trading Statement

Release Date: 31/10/2011 16:00
Code(s): LHC
Wrap Text

LHC - Life Healthcare - Trading Statement LIFE HEALTHCARE GROUP HOLDINGS LIMITED Incorporated in the Republic of South Africa Registration number: 2003/002733/06 ISIN: ZAE000145892 Share Code: LHC ("Life Healthcare" or "the Company") TRADING STATEMENT Shareholders are referred to the SENS announcement dated 29 July 2011 whereby shareholders were advised that the Company`s results for the year ended 30 September 2011 were expected to show an improvement of more than 20% from those reported for the year ended 30 September 2010 ("comparative period"). Life Healthcare is currently finalising its results for the year ended 30 September 2011, which should be released on SENS on 17 November 2011. In this regard, shareholders are advised that earnings per share and headline earnings per share are expected to be between 85% and 95% higher than the comparative period. This is largely attributable to the costs incurred relating to the Company`s Initial Public Offering in June 2010 including Secondary Tax on Companies and lower net finance costs following the refinancing of debt in May 2010. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the external Company`s auditors. Illovo 31 October 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 31/10/2011 16:00:00 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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