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INGENUITY PROPERTY INVESTMENTS LTD - Trading Statement

Release Date: 08/05/2013 13:45
Code(s): ING     PDF:  
Wrap Text
Trading Statement

INGENUITY PROPERTY INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/018084/06)
ISIN: ZAE 000127411 JSE share code: ING
(“Ingenuity” or “the company”)


TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are reasonably certain that the
financial results for the current reporting period will be more than 20% different
than that of the previous corresponding period or a profit forecast previously
provided for such period.

In light of the above, Ingenuity expects earnings per share (“EPS”) for the six
months ended 28 February 2013 to be between 195% to 205% higher than the
prior comparative period.
This was due to the comparative EPS being materially impacted by the increase
in the effective capital gains tax rate calculated on the revaluation of investment
properties.


Headline EPS for the six months ended 28 February 2013 is expected to be the
same as the prior comparative period.

The above information has not been reviewed or reported on by the company’s
auditors and the company’s results for the six months ended 28 February 2013
are expected to be published on or about 10 May 2013.

Cape Town
8 May 2013


Sponsor
Nedbank Capital

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