EQS - Eqstra Holdings Limited - Trading statement and interim results
EQS
EQS
EQS - Eqstra Holdings Limited - Trading statement and interim results
presentation
Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
Share code: EQS ISIN: ZAE000117123
("Eqstra" or "the group")
TRADING STATEMENT AND INTERIM RESULTS PRESENTATION
In compliance with the Listings Requirements of the JSE Limited, issuers
are required to publish a trading statement as soon as they are satisfied,
with a reasonable degree of certainty that the financial results for the
period reported on will differ by at least 20% from those of the previous
corresponding reporting period.
Shareholders are advised that the group anticipates earnings per share
(EPS) to increase by between 53% and 58% and headline earnings per share
(HEPS) to increase by between 19% and 24% for the six months ended 31
December 2011 based on continuing operations when compared to previously
reported comparative HEPS and EPS.
A portion of the Construction and Mining Equipment Distributorship division
has been classified as discontinued operations in terms of IFRS5: Non-
current assets held for sale and discontinued operations. Shareholders are
advised that negotiations regarding the sale of the Eqstra Mining Services
business unit are progressing well and further announcements will be made
once finalised.
The corresponding period`s EPS and HEPS of 30.3 and 30.4 respectively have
been restated to 31.0 cents per share and 31.1 cents per share
respectively.
Audit review
The financial information, on which this trading statement is based, has
not been reviewed and reported on by Eqstra`s external auditors. The
statement is based on financial information available at the time of this
publication.
Eqstra`s interim results will be released on SENS on 21 February 2012. The
group will be updating the market on its business in a presentation in
Johannesburg on the same day, and in Cape Town on 22 February 2012. The
presentation will be available on 21 February 2012 for all stakeholders on
the group`s website www.eqstra.co.za
Kempton Park
3 February 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 03/02/2012 08:18:01 Produced by the JSE SENS Department.
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