Sharenet Sites 
Sharenet Sites
TTO - Trustco Group Holdings Limited - Voluntary announcement: trading update for the third quarter ended 31 December 2011 TRUSTCO GROUP HOLDINGS LIMITED Incorporated in the Republic of Namibia (Registration number 2003/058) NSX share code: TUC JSE share code: TTO ISIN Number: NA000A0RF067 ("the Company" or "the Group" or "Trustco") VOLUNTARY ANNOUNCEMENT: TRADING UPDATE FOR THE THIRD QUARTER ENDED 31 DECEMBER 2011 The Board of directors of Trustco, is pleased to provide a trading update in respect of the third quarter ended 31 December 2011. Financial Highlights: 9 Months Ended 9 Months Ended 31 December 2011 30 December 2010
N$ `000 N$ `000 Revenue 474 614 375 430 Earnings for the period 77 347 95 146 Headline Earnings 72 900 90 394 Basic Earnings per share (cents) 11.39 14.05 Headline Earnings per share (cents) 10.73 13.35 Limited data pertaining to the Zimbabwean venture has been received and submitted at time of reporting. Limited revenue and associated expenditure and profits have been recognised during this quarter. The revenue, expenses and profit may materially be understated for the period 1 June 2011 to 31 December 2011. Trustco has instituted legal proceedings against Econet Wireless to comply with a previous court order. The decrease in headline earnings and earnings must be seen against the once- off recognition of the damages awarded against the SABC (South African Broadcasting Corporation) in favour of Trustco during FY2010, which was settled during this quarter by the SABC. Shareholders are also advised that historically the second half of the financial year contributed significantly to profits as the business has a cyclical nature. The financial information on which this voluntary trading update is based has not been reviewed or reported on by the company`s auditors. By order of the Board M Gebhardt Company Secretary Windhoek, 20 January 2012 NSX Sponsor IJG Securities (Pty) Ltd JSE Sponsor QuestCo Sponsors (Pty) Ltd Date: 20/01/2012 12:41:01 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.
