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CSB - Cashbuild Limited - Trading Update

Release Date: 07/03/2012 15:11
Code(s): CSB
Wrap Text

CSB - Cashbuild Limited - Trading Update CASHBUILD LIMITED (Registration number: 1986/001503/06) (Incorporated in the Republic of South Africa) JSE share code: CSB & ISIN: ZAE000028320 ("Cashbuild" or "the company") TRADING UPDATE In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the prior corresponding period. In light of the above, Cashbuild expects to announce that statutory headline earnings per share and earnings per share for the half year ended 31 December 2011 are expected to be 130% to 140% higher than those of the prior half year. However, when adjusting the comparative figures for the December 2010 six month period to exclude the effects of the BEE repurchase of shares and subsequent distribution to The Cashbuild Empowerment Trust beneficiaries, the headline earnings per share and earnings per share for the half year ended 31 December 2011 are expected to be 20% to 30% higher than the prior half year`s adjusted figures. The table below is provided to illustrate the comparatives; Headline Earnings per Earnings share per share (Range) (range)
Statutory results 130% - 140% 130% - 140% Compared to adjusted December 2010 half year results 20% - 30% 20% - 30% The above information has not been reviewed or reported on by the company`s auditors and the company`s results for the half year ended 31 December 2011 are expected to be published on or about 20 March 2012. Johannesburg 7 March 2012 Sponsor Nedbank Capital Date: 07/03/2012 15:11:01 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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