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Trading Update
Basil Read Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1984/007758/06)
Share Code: BSR ISIN: ZAE 000029781
(“Basil Read” or Group”)
TRADING UPDATE
Shareholders are advised that Basil Read expects its earnings
for the six months ending 30 June 2013 to be between 1015% and
1025% higher compared to the previously reported corresponding
period.
Shareholders are further advised that Basil Read expects its
headline earnings for the period ending 30 June 2013 to be
between 190% and 200% higher compared to the previously
reported corresponding period.
Earnings for the year have been positively affected by an
overall improvement in operational performance and the profit
realised on disposal of TWP Holdings (Proprietary) Limited.
The group has further raised a provision of R20 million in the
period under review in terms of the settlement agreement
reached with the Competition Commission, bringing the total
provision to an amount of R95 million.
The financial information on which this trading statement is
based has not been reviewed or reported on by Basil Read’s
auditors.
The group’s interim results for the six months ending 30 June
2013 will be published on or about 29 August 2013.
Johannesburg
14 August 2013
JSE Sponsor
Macquarie First South Capital (Pty) Limited
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