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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