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SFH
SFH
SFH - S A French Limited - Trading Update
S A FRENCH LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1982/009174/06)
Share code: SFH ISIN: ZAE000108890
("SA French" or "the company")
TRADING UPDATE
In terms of the Listings Requirements of JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the
financial results for the period to be reported on will differ by more than 20%
from that of the previous corresponding period.
Accordingly, a review of the interim financial results for the six months ended
31 December 2009 by management has indicated that SA French will report a net
asset value per share of between 9% and 29% lower than the previous
corresponding period.
SA French`s earnings for the second half of the financial year ended 30 June
2009 compared to the first half was inflated due to a large once-off R50 million
sale of equipment to the Medupi Power Station project. With the exception of
this large once-off transaction, SA French`s earnings are similar to the
comparative period.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors. SA French`s interim financial
results are expected to be released on SENS on or about 31 March 2010.
Johannesburg
10 March 2010
Designated Adviser
Merchantec Capital
Date: 10/03/2010 15:00:02 Produced by the JSE SENS Department.
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