SENS Note - 19 May 2011


Infrasors - Reviewed Condensed Group Consolidated Results for the year ended 28 February 2011


Infrasors Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/002405/06)
Share code on the JSE: IRA ISIN: ZAE000101507
("Infrasors", "the Company" or "the Group")


REVIEWED CONDENSED GROUP CONSOLIDATED RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2011

Highlights:
Tons sold up 18,0%
Revenue up 15,1%
Profit from operating activities up 18,5%
Net asset value per share up 3,0%

CONDENSED GROUP STATEMENT OF COMPREHENSIVE INCOME
Reviewed Audited year ended year ended
28 February 2011 28 February 2010
Note R000's R000's
Continuing operations
Revenue 243 501 211 479
Gross profit 70 052 62 260
Profit from operating activities 41 335 34 870
Depreciation and amortisation (13 563) (7 673)
Net finance costs (2 525) (4 723)
Profit before tax and separately 25 247 22 474
disclosed items
Fair value adjustments 3 13 239 39 127
Profit before taxation 38 486 61 601
Income tax expense (6 007) (8 759)
Profit for the year from continuing operations 32 479 52 842

Discontinued operations
Loss for the year from discontinued operations  4 (3 388) (22 800)
Profit for the year 29 091 30 042
Other comprehensive income


Net gain on revaluation of property, - 6 150
plant and equipment


Total comprehensive income for the year 29 091 36 192


Earnings/(loss) per share (cents) - 6 16,1 17,4
basic and diluted
From continuing operations - basic and diluted 18,0 30,6

From discontinued operations - basic and diluted (1,9) (13,2)

CONDENSED GROUP STATEMENT OF FINANCIAL POSITION
Reviewed Audited as at 28 February 2011      28 February 2010

Note R000's R000's
Non-current assets 548 367 491 728
Property, plant and equipment 292 075 280 695
Mineral rights 91 604 72 500
Investments in associate 7 000 7 000
Investment property 3, 5 87 483 56 780
Deferred tax 11 823 3 001
Held to maturity investment 3 46 949 64 273
Other financial assets 11 433 7 479
Current assets 74 279 84 776
Inventories 17 016 17 092
Cash resources 17 044 22 610
Other current assets 40 219 45 074


Assets of discontinued operation - 12 983
Total assets 622 646 589 487
Capital and reserves 432 819 395 823