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interim 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 reminded of the R11m profit after tax
reported for the six months to 30 September 2012. The
months thereafter included the Marikana tragedy, a
transport strike, and labour unrest in the mining
industry, together with disruption to steel supplies.
Notwithstanding these challenges the company has
significantly increased sales volumes and is currently
experiencing favourable trading conditions. The combined
results will however reflect a reduction of more than 20%
in EPS and HEPS for the year to March 2013 when compared
with the 2012 financial year.
The information in this Trading Statement has not been
reviewed or reported on by the company`s auditors.
Johannesburg
05 March 2013
Designated Advisor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 05/03/2013 04:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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