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Trading statement for year ended 31 December 2012
IFA Hotels & Resorts Limited
(Incorporated in the Republic of South Africa)
(Registration number 1919/001318/06)
Share code: IFH
ISIN: ZAE000075669
(“IFA” or “the Group”)
Trading update for the twelve months ended 31 December 2012
In accordance with 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 reporting period will
differ by more than 20% from those of the previous
corresponding period.
Shareholders of IFA are therefore advised that the loss per
share for the twelve months ended 31 December 2012 is expected
to be between 21.00 cents and 23.00 cents (unpublished twelve
months to 31 December 2011: loss 64.35 cents per share and
published (revised) eighteen months to 31 December 2011: loss
62.32 cents per share).
Shareholder are further advised that the headline loss per
share for the twelve months ended 31 December 2012 is expected
to be between 21.00 cents and 23.00 cents (unpublished twelve
months to 31 December 2011: loss 61.52 cents per share and
published (revised) eighteen months to 31 December 2011: loss
64.61 cents per share.
Shareholders are referred to the announcement previously
published on 26 September 2012 for details of amendments to
the loss per share and the headline loss per share for the 18
months to 31 December 2011.
The inclusion of unpublished comparative information above is
due to the change in IFA’s yearend from June to December.
The results for the twelve months ended 31 December 2012 will
be published on or about 28 March 2013.
The reduction in loss per share and headline loss per share
for the twelve months ended 31 December 2012 is mainly
attributed to a reduction in provisions for impairments on
loans to associates.
This trading statement has not been reviewed or reported on by
the Group’s external auditors.
Zimbali
15 March 2012
Sponsor: Sasfin Capital (a division of Sasfin Bank Limited)
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