SENS Note - 19 May 2009

Infrasors - trading statement

Infrasors shareholders are advised of the following:

  • Infrasors expects its revenue to increase by 1.9%.
  • Infrasors expects its gross profit to decrease by approximately 27.8%.
  • Infrasors expects its earnings before interest, tax and depreciation to decrease by approximately 42.7% for the twelve month period ended 28 February 2009 compared to the previous corresponding period.


Trading statement
Infrasors recognised in its earnings per share in 2008 an International Financial Reporting Standards adjusted profit being the purchase price allocation excess over the net asset value acquired in the sum of R41.5 million resulting in earnings per share of 74.5 cents. The F2008 headline earnings per share (excluding the IFRS adjustment) was 44.6 cps. Infrasors expects a decline in earnings per share for the twelve month period ended 28 February 2009 of between 70% to 80% , and a decline in headline earnings per share for the twelve month period ended 28 February 2009 of between 55% to 65%.

The financial information on which this trading statement is based has not been reviewed or reported on by the group's auditors and the group's results for F2009 are expected to be published on or about 25 May 2009.