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INSIMBI REFRACTORY & ALLOY SUP LTD - Revised Trading Statement for the Year Ended 28 February 2013

Release Date: 17/05/2013 14:00
Code(s): ISB     PDF:  
Wrap Text
Revised Trading Statement for the Year Ended 28 February 2013

Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi”)


REVISED TRADING STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2013


Shareholders are referred to the trading statement released on SENS dated 30 April 2013.


Shareholders are advised that the headline earnings per share ("HEPS") for the year ended
28 February 2013 expected to be 3,15 cents per share which is 47% lower than the previous year and
earnings per share ("EPS") is expected to be 3,13 cents per share which is 48% lower than the
previous year.


Headline earnings per share (“HEPS”) were previously reported including the impact of the
revaluation of land and buildings. In terms of circular 3/2009 issued by The South African Institute of
Chartered Accountants, the interpretation of IAS 16 Property Plant and Equipment states that gains
on revaluation of Property Plant and Equipment will not be included in HEPS.


The group is in the final stages of finalising its audited results for the year ended 28 February 2013
which are expected to be published on SENS on or before 31 May 2013. Shareholders are further
advised that the above information is unaudited.


Johannesburg
17 May 2013
Sponsor: Bridge Capital Advisors (Pty) Limited

Date: 17/05/2013 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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