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

BDM - Buildmax Limited - Trading Statement

Release Date: 15/03/2012 14:54
Code(s): BDM
Wrap Text

BDM - Buildmax Limited - Trading Statement BUILDMAX LIMITED Incorporated in the Republic of South Africa (Registration No. 1995/012209/06) Share Code: BDM ISIN Code: ZAE000011250 ("Buildmax" or "the Group") BUILDMAX TRADING STATEMENT Buildmax is in the process of completing the preparation of its results for the year ended 29 February 2012 for release on or about 25 May 2012. In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period. Accordingly, shareholders are advised that: * There has been a positive turn around in Continuing Operations, resulting in an improvement in Earnings per share ("EPS") of between 0.86 to 1.75 cents. In 2011 continuing operations recorded a loss per share of 9.0 cents. * Headline earnings per share ("HEPS") for Continuing Operations has improved to a profit of between 0.42 to 0.69 cents per share. In 2011 continuing operations recorded a headline loss per share of 2.7 cents. * The loss per share for Discontinued Operations has improved to a loss of between 1.91 to 1.37 cents per share. In 2011 discontinued operations recorded a basic loss per share of 5.3 cents. * Headline Loss per share for Discontinued Operations has improved to a loss of between 0.51 to 0.34 cents per share. In 2011 discontinued operations recorded a headline loss per share of 1.7 cents. * The consolidated EPS has improved to between a loss of 1.05 cents per share and a profit of 0.38 cents per share. In 2011 the Group recorded a basic loss per share of 14.3 cents. * The consolidated HEPS has improved to between a loss of 0.09 cents per share and a profit of 0.35 cents per share. In 2011 the Group recorded a headline loss per share of 4.4 cents. As announced on SENS on 2 February 2012, 17 February 2012 and 9 March 2012, Buildmax has successfully disposed of all discontinued operations. Shareholders are advised that the information included in this announcement has not been reviewed or reported on by the Company`s auditors. 15 March 2012 Sponsor QuestCo (Pty) Limited Date: 15/03/2012 14:54:01 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