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SAN - Sanyati Holdings Limited - Trading statement for the year

Release Date: 10/05/2012 07:05
Code(s): SAN
Wrap Text

SAN - Sanyati Holdings Limited - Trading statement for the year ended 29 February 2012 Sanyati Holdings Limited Incorporated in the Republic of South Africa Registration number: 1988/002538/06 Share code: SAN ISIN code: ZAE000081055 ("Sanyati" or "the group") TRADING STATEMENT FOR THE YEAR ENDED 29 FEBRUARY 2012 In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by 20% or more from the financial results for the previous corresponding period. Shareholders are advised that the headline earnings per share ("HEPS") for the year ended 29 February 2012 is expected to be a loss of approximately 4,5 cents per share (2011: profit of 8,46 cents per share). As a result of an impairment to the carrying value of goodwill of approximately R105 million, the earnings per share ("EPS") is expected to be a loss in the current year of approximately 30 cents per share (2011: loss of 29.75 cents per share). The group is in the final stages of finalising its audited results for the year ended 29 February 2012 which are expected to be published on SENS on 16 May 2012. Shareholders are further advised that the above information has not been reviewed or reported on by the group`s auditors. Bryanston 9 May 2012 Sponsor KPMG Services (Pty) Limited Date: 10/05/2012 07:05:22 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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