BASIL READ HOLDINGS LIMITED - Trading Statement

Release Date: 15/03/2016 17:50
Code(s): BSR
 
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 on
the Stock Exchange News Service of the JSE (“SENS”), on 11 December 2015
and 7 March 2016 advising that that the company’s earnings per share for
the 12 months ending 31 December 2015 is expected to be between 61 cents
and 181 cents per share or between 110% and 130% higher compared to the
599.87 cents loss per share for the previously reported corresponding
period and headline earnings per share for the 12 months ending 31 December
to be between 85 cents and 157 cents per share or between 123% and 143%
higher compared to the 362.08 loss per share for the previously reported
corresponding period.

The company is finalising the audit of its results by the Company’s
auditors and the results will be published before the end of March 2016.
The Company is required to, in terms of paragraph 3.4(b) of the Listing
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 previously released
guidance.

Basil Read expects its earnings per share for the year ended 31 December
2015 to be between 120 cents and 150 cents per share or between 120% and
125% higher compared to the 599.87 cents loss per share for the previously
reported corresponding period.

Shareholders are further advised that Basil Read’s headline earnings per
share for the year ended 31 December 2015 is expected to be between 120
cents and 150 cents per share or between 133% and 141% higher compared to
the 362.08 loss 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.

Johannesburg
15 March 2016

Company Secretary
Andiswa T Ndoni

JSE Sponsor
Grindrod Bank Limited

Date: 15/03/2016 05:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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