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ITALTILE LIMITED - Voluntary Trading Statement For The Year Ended 30 June 2013

Release Date: 02/08/2013 09:00
Code(s): ITE     PDF:  
Wrap Text
Voluntary Trading Statement For The Year Ended 30 June 2013

ITALTILE LIMITED
SHARE CODE: ITE
ISIN: ZAE000099123
REGISTRATION NUMBER: 1955/000558/06
Incorporated in the Republic of South Africa
(“Italtile” or “the Group”)


VOLUNTARY TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2013

Italtile is currently finalising its results for the year ended 30
June 2013.

During the period, the Group elected to discontinue its investment
in a non-core operation and is currently in the process of seeking a
buyer for the business. Shareholders are accordingly advised that
the Group's basic earnings per share for continuing operations will
be between 17% and 19% higher than the prior comparable period.
Headline earnings per share for continuing operations will be
between 14% and 16% higher than the previous corresponding period.

Notwithstanding  the   subdued  local  economic   environment  and
competitive trading conditions in the industry, Italtile succeeded
in leveraging further opportunities in the market and enhancing
efficiencies in the business and supply chain to increase turnover
from continuing operations of Group-owned stores and entities by
16%.

REVIEW OF RESULTS
The information on which this announcement is based has not been
reviewed or reported on by Italtile's auditors.

PUBLICATION OF RESULTS
The Group's results for the year ended 30 June 2013 are expected to
be published on SENS on 14 August 2013.


Johannesburg
02 August 2013

Sponsor
KPMG Services (Pty) Limited

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