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TTO
TTO
TTO - Trustco Group Holdings Limited - Voluntary trading statement
TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia
(Registration number 2003/058)
NSX share code: TUC
JSE share code: TTO
ISIN Number: NA000A0RF067
("the Group")
VOLUNTARY TRADING STATEMENT IN TERMS OF JSE LIMITED LISTINGS REQUIREMENTS
Shareholders are advised that the Group`s revenue for the 12 (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.
These financial results should be seen against a non-recurring damages
award that was recognized in the previous comparative financial period and
settled during the current financial 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.
The financial information on which this trading statement is based has not
been reviewed or reported on by the Group`s auditors.
By order of the board
M Gebhardt
Company Secretary
7 May 2012
JSE Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 07/05/2012 13:20:00 Produced by the JSE SENS Department.
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