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BASIL READ HOLDINGS LIMITED - Revised Trading Statement

Release Date: 08/03/2017 15:20
Code(s): BSR     PDF:  
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Revised 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")


REVISED TRADING STATEMENT

Further to the trading statement released on SENS on 28 February 2017,
Shareholders are referred to the below revised trading statement.

As part of the process of finalising the year end results, certain items
have been clarified and have resulted in a reduction in the loss per share
and headline loss per share forecasted in the previous trading statement.
Consequently, the per share guidance previously provided has been revised
as indicated below.

Basil Read expects a loss per share for the year ended 31 December 2016, of
between 44 and 53 cents (and a loss per share from continuing operations of
between 22 and 26 cents) compared to the earnings per share of 137.27 cents
for the previously reported corresponding period.

Shareholders are advised that Basil Read expects its headline loss per
share for the year ended 31 December 2016, to be between 19 and 23 cents
(and a headline loss per share from continuing operations of between 20 and
24 cents), compared to the headline earnings per share of 120.28 cents for
the previously reported corresponding period.

Despite the expected loss per share and headline loss per share,
shareholders are advised that Basil Read expects an operating profit of
between R57,5 million and R70 million compared to an operating profit of
R226 million, for the previously reported corresponding period.

The financial information on which this trading statement is based has not
been audited nor reviewed by the external auditors.


Johannesburg
8 March 2017

Company Secretary
Andiswa T Ndoni

JSE Sponsor
Grindrod Bank Limited

Date: 08/03/2017 03:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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