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CONDUIT CAPITAL LIMITED - Trading statement

Release Date: 15/11/2012 17:05
Code(s): CND     PDF:  
Wrap Text
Trading statement

CONDUIT CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND         ISIN: ZAE000073128
(“Conduit” or “the group”)


TRADING STATEMENT

In terms of the Listings Requirements of JSE Limited, 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 will differ by more than twenty percent from that of the previous corresponding
period. Accordingly, a review by management of the financial results for the year ended
31 August 2012 has indicated that operating profit, net profit before tax, attributable earnings,
headline earnings, earnings per share (“EPS”), headline earnings per share (“HEPS”), net asset
value per share (“NAV”) and tangible net asset value per share (“TNAV”) are expected to be as
follows:


                                              Unaudited           Audited
                                             year ended        year ended                    Percentage
                                            31 Aug 2012       31 Aug 2011       Change          increase


 Operating profit (R’000)                         64  729           27 828       36   901       132.6%
 Net profit before tax (R’000)                    79  671           53 308       26   363        49.5%
 Attributable earnings (R’000)                    32  155           22 419        9   736        43.4%
 Headline earnings (R’000)                        32  161           21 557       10   604        49.2%
 EPS (cents)                                         12.7              9.0            3.7        41.1%
 HEPS (cents)                                        12.7              8.6            4.1        47.7%
 NAV (cents)                                        107.5            106.0            1.5         1.4%
 TNAV (cents)                                        89.2             87.6            1.6         1.8%

 Number of shares in issue, net of
 treasury shares ('000)                          254 777           250 277
 Weighted average number of                      254 181           250 277
 shares ('000)

Notes:   1. The marginal increase in NAV and TNAV is attributable to a capital distribution of 10 cents per
             share, paid to shareholders in December 2011.

         2. The financial information on which this trading statement is based has not been reviewed or
            reported on by the group’s auditors.



Conduit’s audited results for the year ended 31 August 2012, incorporating further commentary
on all operating units, are expected to be released by the end of November 2012.

Johannesburg
15 November 2012
Sponsor
Merchantec Capital

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