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Trading Statement
CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("CRG" or "the group")
TRADING STATEMENT
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE Limited, listed
companies are required to publish a trading statement as soon as they become
reasonably certain that the financial results for the next period to be reported on will
be more than 20% different from those of the previous corresponding period or from a
profit forecast previously provided to the market in relation to such period.
Shareholders are advised that CRG's earnings and headline earnings per share for the
year ended 28 February 2014 are respectively expected to be between 75-85% and 95-
105% higher than the previous year.
The improved earnings reflect the benefit of organic and acquisitive growth, coupled
with the disposal of under performing contracts. The reduction in the effective Group
tax rate to 9.2% due to the adjustment to the most favourable base cost for CGT
purposes of investment properties, further contributed to the increased earnings.
The financial information on which this trading statement is based has not been
reviewed or audited by the company’s auditors, Ernst & Young Inc.
The final announcement of results for the year ended 28 February 2014 is expected to
be published on or about 21 May 2014.
Johannesburg
9 May 2014
Sponsors
Arcay Moela Sponsors (Pty) Ltd
Date: 09/05/2014 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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