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GOODERSON LEISURE CORPORATION LTD - Trading Statement

Release Date: 11/10/2012 12:57
Code(s): GDN     PDF:  
Wrap Text
Trading Statement

                           GOODERSON LEISURE CORPORATION LIMITED
                            (Incorporated in the Republic of South Africa)
                                (Registration number 1972/004241/06)
                                (JSE code: GDN ISIN: ZAE000084984)
                                  (“Gooderson” or “the company”)

                                        TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, companies are 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 period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.

Shareholders are advised that Gooderson is currently finalizing its interim results for the six months
ended 31 August 2012. Earnings per share are expected to be between 12.80 and 13.80 cents per share
compared to 0.75 cents for the six months ended 31 August 2011. Headline earnings per share is
expected to be between 0.70 and 0.80 cents per share compared to 0.73 cents for the six months ended
31 August 2011.

The increase in earnings per share is due to the profit on the sale of the Beach Hotel in Durban. This
profit has been deducted for headline earnings per share. Management remains optimistic of an
improvement in earnings in the second half of the year as the group is well positioned to accelerate
growth particularly with the improvements being completed to all properties and if the economy begins
to show positive signs.

This financial information has not been reviewed or reported on by Gooderson Leisure’s auditors.
The results for the six months ended 31 August 2012 are expected to be published on or about 17
October 2012.

11 October 2012
Johannesburg

Designated Advisor
Exchange Sponsors

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