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Trading Statement
IFA Hotels & Resorts Limited
(Incorporated in the Republic of South Africa)
(Registration number 1919/001318/06)
Share code: IFH
ISIN: ZAE000075669
(“IFA” or “the Group”)
Trading statement for the six months ended 30 June 2013
In accordance with paragraph 3.4(b) of the JSE Limited
Listings Requirements, companies are required to publish a
trading statement as soon as they become reasonably certain
that the financial results for the reporting period will
differ by more than 20% from those of the previous
corresponding period. Shareholders of IFA are therefore
advised that the loss per share for the six months ended 30
June 2013 is expected to be between 2.00 cents and 4.00 cents
(reviewed six months to 30 June 2012: loss 7.29 cents per
share and the headline loss per share for the six months ended
30 June 2013 is expected to be between 2.00 cents and 4.00
cents (reviewed six months to 30 June 2012: loss 7.29 cents
per share.
The reduction in loss per share and headline loss per share
for the six months ended 30 June 2013 is mainly attributed to
a reduction in provisions for impairments on loans to
associates and no share of losses from associates being
accounted for.
The results for the six months ended 30 June 2013 will be
published towards the end of September 2013.
This trading statement has not been reviewed or reported on by
the Group’s external auditors.
Zimbali
8 August 2013
Sponsor: Sasfin Capital (a division of Sasfin Bank Limited)
Date: 08/08/2013 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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