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Thu 17 May 2012
Close: 106c 
Day's move: -4c (-3.64%)
Volume: 295 050
Trades: 14
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Trustco anticipating higher earnings
Shareholders are advised that the group's revenue for the twelve months period ended 31 March 2012 is expected to increase by between 15 and 25%. Gross profit is expected to increase by between 20% and 30% while profit before tax is expected to increase between 15% and 25% from the previous comparative period. Earnings and headline earnings are expected to increase by not more than 10% over those of the previous corresponding period.
Shareholders are referred to the voluntary announcement for the quarter ending 31 December 2011, released on SENS on 20 January 2012, regarding the Zimbabwean venture. The position remains unchanged for the financial period ending 31 March 2012.
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Trustco director resigns
Shareholders are advised that Mr Theofelus Mberirua has resigned from the board of Trustco. As soon as a replacement has been identified, a further announcement will be made.
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Trustco to move to Main Board
The JSE advised that, after consultation with the company, Trustco will be moved onto the Main Board, in its respective sector. In order to identify Trustco's shares as African, they will be flagged "A" for African, along with other African securities listed on the JSE. This will take effect from 21 May 2012.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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