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PUTPROP LIMITED - TRADING STATEMENT

Release Date: 14/08/2012 15:06
Code(s): PPR     PDF:  
Wrap Text
TRADING STATEMENT

PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
(“Putprop”)


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 20% from that of the previous corresponding period.

Accordingly, a review of the financial results for the year ended 30 June 2012 by management
has indicated that the earnings per share is expected to be between 105.5 cents and 136.2 cents
and the headline earnings per share is expected to be between 77.2 cents and 90.4 cents,
compared to the earnings per share of 153.3 cents and the headline earnings per share of 66.1
cents for the year ended 30 June 2011.

The difference in the financial results for the year ended 30 June 2012 compared to the previous
corresponding period is primarily due to the substantially lower fair value adjustment on
properties in the 2012 financial year, which has a negative effect on earnings per share but a
positive effect on headline earnings per share.

The financial information on which this trading statement is based has not been reviewed or
reported on by Putprop’s auditors. Putprop's financial results are expected to be released on
SENS on or about 18 September 2012.


Johannesburg
14 August 2012

Sponsor
Merchantec Capital

Date: 14/08/2012 03:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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