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BRIKOR LIMITED - Trading statement

Release Date: 08/09/2016 08:42
Code(s): BIK     PDF:  
Wrap Text
Trading statement

BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013247/06)
(JSE code: BIK ISIN: ZAE000101945)
(“Brikor” or “the company”)

TRADING STATEMENT IN RESPECT OF INTERIMS RESULTS FOR 31 AUGUST 2014 AND
2015

Brikor has been suspended since 30 July 2013 and has released the Summarised Audited
Consolidated Abridged Financial results for the years ending 28 February 2013, 2014 and 2015
on 25 July 2016.

Brikor is currently finalising its results for the interim periods ended 31 August 2014 and 31
August 2015.

In terms of section 3.4(b) of the Listings Requirements of the JSE, companies are required to
publish a trading statement as soon as they are satisfied that a reasonable degree of certainty
exists that the financial results for the period will differ by at least 20% from the financial results
for the previous corresponding period.

The table below illustrates the ranges anticipated for the interim periods ended 31 August 2014
and 31 August 2015.

                  31 August 2013      31 August        % (decrease) as       31 August 2015        % increase
                  (restated)          2014 (cents)     compared     to       (cents)               as
                  (cents)                              31 August 2013                              compared to
                                                       (restated)                                  31 August
                                                                                                   2014 range
Earnings    per   3.20                2.30 – 2.70      (15%) – (28%)         4.30 – 4.60           70% - 87%
share
Headline          3.10                2.40 – 2.80      (10%) – (23%)         4.40 – 4.70           68% - 83%
earnings    per
share


It is expected that the provisional results for the interim periods ended 31 August 2014 and 31
August 2015 will be released on SENS by middle September 2016.

The financial information on which this trading statement is based has not been reviewed or
reported on by the company`s auditors.


8 September 2016
Nigel

Designated Advisor
Exchange Sponsors

Date: 08/09/2016 08:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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