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CASHBUILD LIMITED - Further Trading Update

Release Date: 12/09/2012 15:10
Code(s): CSB     PDF:  
Wrap Text
Further Trading Update

CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB & ISIN: ZAE000028320
("Cashbuild" or "the company")

FURTHER TRADING UPDATE

Further to the trading update provided on 4 July 2012,
Cashbuild is able to provide further guidance.

Cashbuild expects to announce that statutory headline
earnings per share and earnings per share for the year
ended 30 June 2012 are expected to be 85% to 95% higher
than those of the prior financial year.

Cashbuild adopts the retail calendar, which comprises the
reporting period ending on the last Saturday of the month.
(Year ended June 2011 - 52 weeks, Year ended June 2012 - 53
weeks)

Therefore, when comparing the June 2012 results adjusted
for 52 weeks trading, to the comparative figures for the
June 2011 year that exclude the effects of the BEE
repurchase of shares and subsequent distribution to Trust
beneficiaries, the adjusted headline earnings per share and
adjusted earnings per share for the year ended 30 June 2012
are expected to be 20% to 30% higher than the prior
financial year’s adjusted figures. The table below is
provided to illustrate the comparatives:

                                    Headline     Earnings per
                                    Earnings         share
                                   per share        (range)
                                     (range)

Statutory results                  85% – 95%      85% – 95%

June 2012 (52 weeks) compared to
adjusted June 2011 results         20% - 30%      20% - 30%

The above information has not been reviewed or reported on
by the company’s auditors and the company’s results for the
financial year ended 30 June 2012 are expected to be
released on SENS on or about 18 September 2012.

Johannesburg
12 September 2012

Sponsor
Nedbank Capital

Date: 12/09/2012 03:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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