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CND - Conduit Capital Limited - Trading Update

Release Date: 03/11/2011 16:18
Code(s): CND
Wrap Text

CND - Conduit Capital Limited - Trading Update CONDUIT CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number 1998/017351/06) Share code: CND ISIN: ZAE000073128 ("Conduit" or "the group") TRADING UPDATE In terms of the Listings Requirements of JSE Limited, 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 more than twenty percent from that of the previous corresponding period. Accordingly, a review by management of the financial results for the year ended 31 August 2011 has indicated that net profit before tax, attributable earnings, headline earnings, earnings per share ("EPS"), headline earnings per share ("HEPS"), net asset value per share ("NAV") and tangible net asset value per share ("TNAV") are expected to be as follows: Unaudited Audited Change Percentage year year increase to to 31 Aug 2011 31 Aug 2010
Net profit before tax 53 308 29 595 23 713 80.1% (R`000) Attributable earnings 22 419 11 389 11 030 96.8% (R`000) Headline earnings (R`000) 21 574 11 392 10 182 89.4% EPS (cents) 8.96 4.55 4.41 96.9% HEPS (cents) 8.62 4.55 4.07 89.5% NAV (cents) 106.00 97.15 8.85 9.1% TNAV (cents) 87.58 78.66 8.92 11.3% Number of shares in issue, 250 277 250 277 net of treasury shares (`000) Weighted number of shares 250 277 250 277 (`000) Note: The financial information on which this trading update is based has not been reviewed or reported on by the group`s auditors. Conduit`s results for the year ended 31 August 2011, incorporating further commentary on all operating units, are expected to be released mid-November 2011. Johannesburg 3 November 2011 Sponsor Merchantec Capital Date: 03/11/2011 16:18:03 Supplied by www.sharenet.co.za 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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