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GOODERSON LEISURE CORPORATION LTD - Trading update

Release Date: 10/10/2013 10:50
Code(s): GDN     PDF:  
Wrap Text
Trading update

GOODERSON LEISURE CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1972/004241/06)
(JSE code: GDN ISIN: ZAE000084984)
(“Gooderson” or “the company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results
for the period to be reported on will differ by 20% or more from the financial results for the previous
corresponding period.

Shareholders are advised that Gooderson is currently finalizing its interim results for the six months
ended 31 August 2013. Earnings per share are expected to be between 1.15 and 1.25 cents compared to
13.10 cents for the six months ended 31 August 2012. Headline earnings per share is expected to be
between 1.15 and 1.25 cents compared to 0.76 cents for the six months ended 31 August 2012.

In this regard the decrease in earnings per share compared to the previous corresponding period was due
to the profit realized on the sale of Beach Hotel in Durban in June 2012 of R15.8 million.

Management remains optimistic of an improvement in earnings in the second half of the year as the group
is well positioned to accelerate growth particularly with the new facilities being added to some of the
properties and the building of 18 new rooms at Monks Cowl Golf Resort in Central Drakensberg, which
will be ready for occupation in November 2013 and the construction of a large bird park in Dumazulu in
Hluhluwe which would be opened in December 2013.

In addition, the group has engaged an outside marketer to sell the timeshare weeks at Kloppenheim
Country Estate situated in the heart of the Highlands Meander near Machadadorp and Dullstroom and
have converted the five self-catering units at Bushlands Game Lodge in Hluhluwe into timeshare.

The financial information on which this trading statement is based has not been reviewed or reported on
by Gooderson Leisure’s auditors and it is anticipated that the results will be released on SENS on or
about 16 October 2013.


10 October 2013
Johannesburg

Designated Advisor
Exchange Sponsors

Date: 10/10/2013 10:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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