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BASIL READ HOLDINGS LIMITED - Trading Statement

Release Date: 25/08/2015 07:30
Code(s): BSR     PDF:  
Wrap Text
Trading Statement

Basil Read Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1984/007758/06
Share Code: BSR ISIN: ZAE000029781
("Basil Read" or "the Company")


TRADING STATEMENT

Shareholders are referred to the trading update released by Basil Read
dated 4 August 2015, advising that the company expected earnings per share
for the period ending 30 June 2015 to be at least 100% or 145.75 cents per
share higher and headline earnings per share for the period to be at least
100% or 145.74 cents per share higher than the previously reported
corresponding period.

The company is finalising its results for the period ended 30 June 2015 and
is required to, in terms of paragraph 3.4(b) of the Listings Requirements
of JSE Limited (“JSE”), once reasonable certainty is obtained, to provide
the guidance as set out therein. Consequently shareholders are advised that
the following guidance replaces the minimum percentage difference quoted in
the previous trading update.

Basil Read expects its earnings per share for the period ended 30 June 2015
to be between 16 and 45 cents per share or between 111% and 131% higher
compared to the 145.75 cents earnings loss per share for the previously
reported corresponding period.

Shareholders are advised that Basil Read expects its headline earnings per
share for the period ended 30 June 2015 to be between 21 and 50 cents per
share or between 114% and 134% higher compared to the 145.74 cents headline
earnings loss per share for the previously reported corresponding period.

Shareholders are further advised that Basil Read expects its earnings from
continuing operations for the period ended 30 June 2015 to be between 40
and 65 cents per share or between 133% and 153% higher compared to the
122.53 cents earnings loss from continuing operations per share for the
previously reported corresponding period.

The financial information on which this trading statement is based has not
been reviewed or reported on by Basil Read’s external auditors.

Date of interim results and presentation

Basil Read will publish its interim results for the period ended 30 June
2015, on Friday, 28 August 2015 on the Stock Exchange News Service (“SENS”)
of the JSE. An investor presentation will be hosted in Johannesburg only at
10:00 (SA time) on the same day. The company will provide the following
investor services on Friday 28 August 2015 at 10:00 (SA time):

1. Live Call Access
Live call access numbers for participants:
South Africa: 0 800 200 648
Australia:     1 800 350 100
UK:              0 808 162 4061

2. Playback ACCESS DETAILS:
(Playback Code: 38408)
South Africa: 011 305 2030
Australia:     1 800 091 250
UK:            0 808 234 6771

3. Live Webcast
A live webcast will also be available on www.basilread.co.za.

All   related  documents    will   be   made   available   for   download   from
www.basilread.co.za.


Johannesburg
24 August 2015

Company Secretary
Andiswa T Ndoni

JSE Sponsor
Grindrod Bank Limited

Date: 25/08/2015 07:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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