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Trading statement
BSI STEEL Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/023164/06)
JSE code: BSS
ISIN: ZAE000125134
("the company")
TRADING STATEMENT
In compliance with paragraph 3.4 of the Listings
Requirements of the JSE Limited, a listed company is
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 next period to
be reported on are likely to vary by more than 20% from
the previous corresponding period.
Shareholders are advised that the company is expecting
earnings and headline earnings per share for six months
ended 30 September 2012 to be more than 20% lower
compared to the earnings and headline earnings per share
for the previous corresponding period.
Whilst the company remains profitable, increased tonnages
sold and market share gains in a challenging environment
have been offset by lower margins and start-up costs of
new and expanded operations.
The information in this Trading Statement has not been
reviewed or reported on by the company`s auditors.
Johannesburg
17 September 2012
Designated Advisor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 17/09/2012 09:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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