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BUILDMAX LIMITED - Buildmax trading statement for the year ended 28 February 2013

Release Date: 05/03/2013 16:57
Code(s): BDM     PDF:  
Wrap Text
Buildmax trading statement for the year ended 28 February 2013

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


BUILDMAX TRADING STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2013

Buildmax is in the process of completing the preparation of its annual results for the year ended 
28 February 2013 for release on or about 17 May 2013.     
      
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 will differ by at least 20% (Twenty Percent) from those of the previous 
corresponding period.                    
                                                     
Accordingly, shareholders are advised that:        
                    
- Consolidated earnings per share will improve to between 20.0 to 25.0 cents per share compared to a 
  loss per share of 3.0 cents (restated for the share consolidation); and

- Headline earnings per share (HEPS) will improve to between 20.0 to 25.0 cents per share 
  compared to a profit per share of 5.5 cents (restated for the share consolidation).

In calculating the above figures, it should be noted that for comparative purposes, the share consolidation 
ratio implemented in January 2013 was applied to the audited 28 February 2012 results and therefore the number 
of shares in issue has decreased to 181 300 849.

As previously reported, the Company disposed of all the entities in its construction materials business unit 
before the end of the 2012 financial year. The Group has no further risk and reward from this business unit and 
is not required to report on results from discontinued operations for the year ended 28 February 2013.


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 March 2013 


Sponsor
QuestCo (Pty) Limited        


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