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ESR - Esorfranki - Trading Update

Release Date: 07/05/2012 08:00
Code(s): ESR
Wrap Text

ESR - Esorfranki - Trading Update ESORFRANKI LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1994/000732/06) JSE code: ESR ISIN: ZAE000133369 ("Esorfranki" or "the company") TRADING UPDATE Esorfranki is currently finalising its financial results for the year ended 29 February 2012 and shareholders are advised that the company expects a basic earnings per share of between 4,5 and 5,4 cents and a headline earnings per share of between 5,5 and 6,5 cents for that period, these numbers represents an increase in earnings per share of between 132% and 138% (2011: loss per share) and headline earnings per share of 143% and 151% (2011: headline loss per share). Esorfranki`s work on hand and future pipeline remain healthy, with a secured outstanding order book in excess of R 1,75 billion as at 29 February 2012 and imminent pending awards of approximately R 2 billion. The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. The company`s financial results for the year ended 29 February 2012 are expected to be published on SENS during the week ending 1 June 2012. Sandton 7 May 2012 Sponsor Vunani Corporate Finance Date: 07/05/2012 08:00:02 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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