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INFRASORS HOLDINGS LIMITED - Trading Statement

Release Date: 29/10/2013 16:00
Code(s): IRA     PDF:  
Wrap Text
Trading Statement

Infrasors Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/002405/06)
Share Code on the JSE: IRA ISIN: ZAE000101507
("Infrasors" or "the Company")


TRADING STATEMENT

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

Accordingly, Infrasors shareholders are advised that:

-   Contribution from operations for the six months period ended 31
    August 2013 (“Period”) is expected to increase 190% over the
    previous corresponding period;

-   Basic earnings per share (“EPS”) for the Period is expected to be
    0.1 cents per share and the restated EPS for the previous
    corresponding period is 0.1 cents per share. Earnings for the Period
    include the cost of impairments to plant and equipment at Delf Sand
    amounting to R5.2 million; and

-   Headline earnings per share (“HEPS”) for the Period is expected to
    be 2.8 cents per share and the restated HEPS for the previous
    corresponding period is nil cents per share.

The financial information on which this trading statement is based has
not been reviewed, audited and reported on by the Company’s auditors.


Shareholders are advised that the results for the six month period ended
31 August 2013 will be released by 30 October 2013.


By Order of the Board of Directors
Johannesburg
29 October 2013

Sponsor
Bridge Capital

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