GND
GND / GNDP - Grindrod - Trading Statement
GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
("Grindrod" or "the Company")
TRADING STATEMENT
Shareholders are advised that Grindrod expects its earnings per share and
headline earnings per share for the financial year ended 31 December 2009 to
decrease by between 55% and 65% compared to the previous year. This is as a
result of considerably lower shipping markets, reduced profits on disposal of
ships and the impact on earnings of a stronger rand / dollar exchange rate.
Earnings and headline earnings per share for the year to 31 December 2008 were
475,7 cents and 511,7 cents respectively.
The forecast information contained in this Trading statement has not been
reviewed or reported on by the company's external auditors. Grindrod will
release its final results for the year ended 31 December 2009 on or about 18
February 2010.
By order of the board.
21 January 2010
Sponsor
Grindrod Bank Limited
Date: 21/01/2010 13:23:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |