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RBA Holdings Ltd - OPERATIONAL UPDATE

Release Date: 12/07/2012 13:04
Code(s): RBA
Wrap Text
RBA Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1999/009701/06)
(JSE code: RBA ISIN: ZAE000104154)
(RBA or the group)
                                 
OPERATIONAL UPDATE


The group wishes to update shareholders on the key operating indicators tabled below as at 30 June 2012:
SNAP SHOT OF WORK IN PROGRESS AT THE As at As at As at PARTICULAR POINT IN TIME 30-Jun-12 30-Jun-11 31-Dec-11 Deals approved by banks awaiting registration 360 431 379 Individual houses under construction (excluding 175 215 191 houses ready for occupation) Equivalent houses under construction 93 131 161
As at 30 June 2012, RBA has a pipeline of 360 bond applications approved that are awaiting registration.
DATA ILLUSTRATIVE OF THE GROUPS 6 months 6 months 12 months PERFORMANCE DURING THE RELEVANT TIME ending ending ending PERIOD 30-Jun-12 30-Jun-11 31-Dec-11 Deals registered 257 215 590 Equivalent houses completed * 325 268 613
* "Equivalent houses completed" takes into account houses under construction at the beginning of the period, registrations during the period and houses under construction at the end of the period. It represents the number of equivalent houses actually completed during the period.
The key indicator of improvement in the groups performance year on year is demonstrated by the data reflecting the Equivalent houses completed during the period ended 30 June 2012 which amounts to 325 houses as opposed to 268 houses for the period ending 30 June 2011.
Based on prevailing market conditions, RBA anticipates registering 800 freehold units and completing 148 sectional title rental units for the 12 months ending 31 December 2012.
In line with prior years, the second six months of 2012 will show a significant improvement in the groups financial performance when compared to the first six months of the year. 12 July 2012 Johannesburg Exchange Sponsors Designated Adviser
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