27 May 2014 13:00
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL
AIM share code: SAC
ISIN: ZAE0000127460
("SacOil" or "the Company" or "the Group")
TRADING STATEMENT
In accordance with paragraph 3.4 (b) of the Listing Requirements of the JSE Limited, companies are required to inform shareholders as soon as there is a reasonable degree of certainty that the earnings of the company are likely to vary by more than 20% compared to the previous reporting period.Shareholders are hereby advised that the Group expects to report:
· basic earnings per share between 1.25 cents and 1.49 cents per share for the year ended 28 February 2014 compared to a reported basic loss per share of 6.10 cents for the year ended 29 February 2013; and
· headline earnings per share between 1.25 cents and 1.49 cents per share for the year ended 28 February 2014 compared to a reported headline loss per share of 8.10 cents for the year ended 29 February 2013.
The information in this trading statement has neither been reviewed nor reported on by the Company's external auditors.The financial results for the year ended 28 February 2014 are expected to be released on or about 28 May 2014.
Johannesburg
27 May 2014
JSE Sponsor
Nedbank Capital
For further information please contact: |
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finnCap Limited (Nominated Adviser and Broker) | +44 (0)20 7220 0500 | ||
Matthew Robinson / Christopher Raggett | |||
FirstEnergy Capital (Joint Broker UK) Majid Shafiq Travis Inlow | +44 (0) 20 7448 0200 | ||
Pelham Bell Pottinger (UK) | |||
Philip Dennis | +44 (0)20 7861 3919 | ||
Nick Lambert | +44 (0)20 7861 3936 | ||
Rollo Crichton-Stuart | +44 (0)20 7861 3918 | ||
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