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EQS - Eqstra Holdings Limited - Trading statement and interim results

Release Date: 03/02/2012 08:18
Code(s): EQS
Wrap Text

EQS - Eqstra Holdings Limited - Trading statement and interim results presentation Eqstra Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1998/011672/06) Share code: EQS ISIN: ZAE000117123 ("Eqstra" or "the group") TRADING STATEMENT AND INTERIM RESULTS PRESENTATION In compliance with the Listings Requirements of the JSE Limited, issuers are required to publish a trading statement as soon as they are satisfied, with a reasonable degree of certainty that the financial results for the period reported on will differ by at least 20% from those of the previous corresponding reporting period. Shareholders are advised that the group anticipates earnings per share (EPS) to increase by between 53% and 58% and headline earnings per share (HEPS) to increase by between 19% and 24% for the six months ended 31 December 2011 based on continuing operations when compared to previously reported comparative HEPS and EPS. A portion of the Construction and Mining Equipment Distributorship division has been classified as discontinued operations in terms of IFRS5: Non- current assets held for sale and discontinued operations. Shareholders are advised that negotiations regarding the sale of the Eqstra Mining Services business unit are progressing well and further announcements will be made once finalised. The corresponding period`s EPS and HEPS of 30.3 and 30.4 respectively have been restated to 31.0 cents per share and 31.1 cents per share respectively. Audit review The financial information, on which this trading statement is based, has not been reviewed and reported on by Eqstra`s external auditors. The statement is based on financial information available at the time of this publication. Eqstra`s interim results will be released on SENS on 21 February 2012. The group will be updating the market on its business in a presentation in Johannesburg on the same day, and in Cape Town on 22 February 2012. The presentation will be available on 21 February 2012 for all stakeholders on the group`s website www.eqstra.co.za Kempton Park 3 February 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 03/02/2012 08:18:01 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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