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PUTPROP LIMITED - Trading statement

Release Date: 13/08/2013 17:45
Code(s): PPR     PDF:  
Wrap Text
Trading statement

PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
(“Putprop”)


TRADING STATEMENT



In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to
be reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review of the financial results for the year ended 30 June 2013 by management
has indicated that the earnings per share is expected to be between 163.6 cents and 184.4 cents
and the headline earnings per share is expected to be between 79.4 cents and 94.2 cents,
compared to the earnings per share of 104.4 cents and the headline earnings per share of
74.1 cents for the year ended 30 June 2012.

The difference in the financial results for the year ended 30 June 2013 compared to the previous
corresponding period is primarily due to the substantially higher fair value adjustment on
properties in the 2013 financial year, which has a strong effect on both earnings per share and on
headline earnings per share.

The financial information on which this trading statement is based has not been reviewed or
reported on by Putprop’s auditors. Putprop's financial results are expected to be released on
SENS on or about 18 September 2013.


Johannesburg
13 August 2013

Sponsor
Merchantec Capital

Date: 13/08/2013 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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