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SEKUNJALO INVESTMENTS LIMITED - Trading Statement

Release Date: 01/11/2012 16:30
Code(s): SKJ     PDF:  
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Trading Statement

Sekunjalo Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share code: SKJ & ISIN: ZAE000017893
("Sekunjalo" or "the Company" or “the Group”)

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 is satisfied that a reasonable degree of certainty
exists that its financial results for the next reporting
period will differ by 20% or more from those of the
corresponding reporting period of the previous year. Sekunjalo
shareholders are hereby advised that it is expected that the
Group’s headline earnings per share (“HEPS”) and basic
earnings per share (“EPS”) for the year ended 31 August 2012
will be between 3.05c to 4.45c and 3.13c to 4.21c per share,
respectively.

In order to provide clear and meaningful guidance to
shareholders, this trading statement also addresses normalised
EPS and normalised HEPS. Normalised EPS and normalised HEPS
are defined as reportable EPS and HEPS in terms of accounting
standards, excluding once-off items that have occurred during
this financial year.

The once-off items for the current year that are included in
calculating the EPS and HEPS range relate to the increase in
the inclusion rate of capital gains tax on the Group’s
unlisted investments. Details of once-off items will be
provided in the SENS results announcement. After excluding the
once-off items, the normalised EPS and normalised HEPS for the
12 months ended 31 August 2012 are expected to be between
6.00c to 7.07c and 5.92c to 7.32c per share respectively.


The abovementioned financial information on which this trading
statement is based has not been reviewed or reported on by the
Company’s auditors. The annual financial results of Sekunjalo
will be released on SENS on or about Tuesday, 6 November 2012.

Cape Town
1 November 2012

Sponsor
PSG Capital

Date: 01/11/2012 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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