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Trading Statement
CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("Cargo Carriers" or "the Company")
TRADING STATEMENT
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the
Johannesburg Stock Exchange (“JSE”), listed companies are required to
publish a trading statement as soon as they become reasonably certain that
the financial results for the period to be reported on will differ by at least 20%
from those of the previous corresponding period.
Shareholders are advised that Cargo Carriers’ earnings and headline
earnings per share, including discontinued operations, for the year ended
29 February 2016 are expected to be between 84.9 cents and 102.5 cents
and 90.0 cents and 108.6 cents respectively, being 30% to 42% lower
compared to the earnings per share of 146.4 cents and headline earnings per
share of 155.1 cents for the year ended 28 February 2015.
Cargo Carriers' earnings per share from continuing operations are expected
to be between 163.8 cents and 177.5 cents, being 20% to 30% higher
compared to the earnings from continuing operations of 136.5 cents for the
prior year. Headline earnings per share from continuing operations are
expected to be between 160.1 cents and 173.4 cents, being 20% to 30%
higher compared to the headline earnings from continuing operations of
133.4 cents for the prior year
The discontinued operations relate to the sale of Cargo Carriers’ 55%
shareholding in its Zambian subsidiary.
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 29 February 2016 is
expected to be published on or about 31 May 2016.
Johannesburg
27 May 2016
Sponsor
Arbor Capital Sponsors Proprietary Limited
Date: 27/05/2016 05:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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