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Trading statement
COMAIR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/006783/06)
ISIN: ZAE000029823
Share Code: COM
(“Comair” or “the Company”)
TRADING STATEMENT
Based on a review of Comair`s results for the first nine
months of the year to June 2013 ("reporting period"),
shareholders are advised that the Company`s headline earnings
and earnings per share are expected to be more than 20%
higher than the corresponding reporting period of the
previous year.
This is largely attributable to improved cost recoveries
through new revenue management and operating systems as well
as efficiencies arising from the new aircraft purchased in
the first six months of the financial year. Industry capacity
has also been more closely aligned to market demand. Comair
cannot at this stage with reasonable certainty quantify the
extent of its results for the reporting period within the 20%
range required by the JSE Limited Listings Requirements.
A further trading statement for the reporting period will be
issued once the Company has reasonable certainty with regard
to its results for the reporting period. The Company’s
results are expected to be released on the Stock Exchange
News Service before the end of September 2013.
The forecast financial information on which this trading
statement is based has not been reviewed and reported on by
Comair`s external auditors.
Bonaero Park
6 June 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/06/2013 09:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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