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SABVEST LIMITED - Trading Statement

Release Date: 24/07/2013 15:26
Code(s): SBV SVN     PDF:  
Wrap Text
Trading Statement

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
ISIN: ZAE000006417 – ordinary shares
ISIN: ZAE000012043 – “N” ordinary shares
Share code: SBV – ordinary shares
Share code: SVN – “N” ordinary shares

Trading Statement


Shareholders are advised that the unaudited results for the six months ended
30 June 2013 are expected to be within 5% (up or down) of the following
estimates:
                              30/06/2013     Percentage      30/06/2012     31/12/2012
                                cents         Growth           cents          cents
Net asset value per share          1978            19,0          1662           1855
Dividend per share                   18            50,0            12             32
Headline earnings per share       120,7             1,0         119,5          308,4
Earnings per share                120,8             1,0         119,5          308,6

Shareholders’ attention is drawn to the SENS announcement dated 31 May 2013
in which Sabvest advised a change of accounting policy in terms of which all of
it’s investments are now fair valued through the income statement, including
investments in unlisted associates which were previously equity accounted. The
preliminary results above are presented on this basis.

The figures contained in this trading statement have not been reviewed or
reported on by Sabvest’s external auditors. Unaudited results are expected to be
released on SENS by the end of July 2013.


Sandton
24 July 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 24/07/2013 03:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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