SENS Note - 29 April 2014

 

Infrasors Holdings Limited

(Incorporated in the Republic of South Africa)

(Registration number 2007/002405/06)

Share code: IRA ISIN: ZAE 000101507

(“Infrasors” or “the Company”)

 

TRADING UPDATE FOR THE YEAR ENDED 28 FEBRUARY 2014

 

In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied with a reasonable degree of certainty that the financial results of the period to be reported upon will differ by 20% or more from the financial results of the previous corresponding period.

 

Infrasors shareholders are advised that:

 

·         Contribution from operations for the year ended 28 February 2014 (“the year”) is expected to increase to R15.1 million compared to the restated loss from operations of R27.9 million of the previous year;

 

·         Basic earnings per share (“EPS”) for the year is expected to be 2.8 cents per share and the restated loss for the previous year is 166.1 cents per share; and

 

·         Headline earnings per share (“HEPS”) for the year is expected to be 6.0 cents per share and the restated headline loss for the previous year is 64.2 cents per share.

 

The financial information on which this trading statement is based has not been reviewed by the Company’s auditors. The Company’s financial results will be released on or about 9 May 2014.

 

By order of the Board of Directors

Johannesburg

29 April 2014

Sponsor:  Bridge Capital Advisors Proprietary Limited