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BUILDMAX LIMITED - Buildmax Trading Statement

Release Date: 05/10/2012 07:05
Code(s): BDM     PDF:  
Wrap Text
Buildmax Trading Statement

BUILDMAX LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1995/012209/06)                     
Share Code: BDM
ISIN Code: ZAE000011250                                        
("Buildmax" or the Group")                                                     

BUILDMAX TRADING STATEMENT

Buildmax is in the process of completing the preparation of its financial results for the six months ended 
31 August 2012 for release on or about 31 October 2012.      
      
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, 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 next will differ by at least 20% (Twenty Percent) from those of the previous corresponding period.                    
                                                     
Accordingly, Shareholders are advised that:  
                                  
- As previously reported, the Company managed to dispose of all the entities in its Construction Materials 
Business Unit before the end of the 2012 financial year. The Group is not required to report on results from 
discontinued operations for the six months ended 31 August 2012.

- The positive turn around in the Groups Mining Services, Civils & Earthworks and Aggregates & Quarries business 
units (continuing operations) was sustained, resulting  in Earnings per share  improving to between 0.44 to 0.55 
cents. During the previous corresponding reporting period, the Group recorded a consolidated loss per share of 0.3 cents.

- Headline earnings per share (HEPS) improved to between 0.44 to 0.55 cents per share. During the previous 
corresponding reporting period, the Group reported consolidated breakeven HEPS.

This positive trading statement should be viewed in conjunction with current and future challenges and opportunities 
facing the global mining and construction environment as well as the  commensurate risks associated with these industries.

Shareholders are advised that the information included in this announcement has not been reviewed or reported on 
by the Company`s auditors.      

Benoni
5 October 2012

Sponsor
QuestCo (Pty) Limited        

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