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CURRO HOLDINGS LIMITED - TRADING STATEMENT

Release Date: 17/08/2012 17:30
Code(s): COH     PDF:  
Wrap Text
TRADING STATEMENT

Curro Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a listed company
is required to publish a trading statement as soon as it becomes aware
that the financial results for the financial period to be reported on next
will vary by 20% or more from those of the previous comparable period.

Shareholders are hereby advised that a reasonable degree of certainty
exists that the loss and headline loss per share for the six months ended
30 June 2012 is expected to be less than the previous corresponding period
namely between 1.8 cents per share and 2.0 cents per share compared to the
loss and headline loss per share of 9.5 cents per share for the prior
corresponding period.

The rationale for the loss is as we previous alluded to, namely the fact
that Curro is still continuing to build capacity and that additional
property opportunities are presented to Curro on a regular basis. The
prospects going forward however, remain extremely positive.

The financial information on which this trading statement is based has not
been reviewed and reported on by Curro’s auditors. The financial results
for the six months ended 30 June 2012 are expected to be published on or
about 20 August 2012.

By order of the Board

Durbanville
17 August 2012

Sponsor and Corporate adviser
PSG Capital

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