CND - Conduit Capital Limited - Trading Statement

Release Date: 18/04/2012 09:29
Code(s): CND
 
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CND - Conduit Capital Limited - Trading Statement CONDUIT CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number 1998/017351/06) Share code: CND ISIN: ZAE000073128 ("Conduit" or "the group") TRADING STATEMENT In terms of the Listings Requirements of 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 will differ by more than twenty percent from that of the previous corresponding period. Accordingly, a review by management of the financial results for the six months ended 29 February 2012 has indicated that operating profit, net profit before tax, attributable earnings, headline earnings, earnings per share ("EPS"), headline earnings per share ("HEPS"), net asset value per share ("NAV") and tangible net asset value per share ("TNAV") are expected to be as follows: Unaudited Unaudited six six months months Percentage
to to Change increase 29 Feb 28 Feb 2012 2011 Operating profit 21 726 12 671 9 055 71.5% Net profit before tax 38 348 24 661 13 687 55.5% (R`000) Attributable earnings 19 888 10 063 9 825 97.6% (R`000) Headline earnings 20 438 10 052 10 386 103.3% (R`000) EPS (cents) 7.8 4.0 3.8 95.0% HEPS (cents) 8.0 4.0 4.0 100.0% NAV (cents) 102.6 101.3 1.3 1.3% TNAV (cents) 84.4 82.9 1.5 1.8% Number of shares in 254 777 250 277 issue, net of treasury shares (`000) Weighted average 254 777 250 277 number of shares (`000) Notes: 1. The marginal increase in NAV and TNAV is attributable to a capital distribution of 10 cents per share, paid to shareholders in December 2011. 2. The financial information on which this trading statement is based has not been reviewed or reported on by the group`s auditors. Conduit`s unaudited interim results for the six months ended 29 Februar
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