BASIL READ HOLDINGS LIMITED
Basil Read Holdings Limited
(Incorporated in the Republic of South Africa) Registration Number 1984/007758/06
Share Code: BSR ISIN: ZAE000029781 ("Basil Read" or "the Company")
Shareholders are referred to the reviewed provisional results presentation booklet for the year ended 31 December 2014 ("Results Booklet") which was presented on Friday, 27 March 2015, and which is available on the Company's website hosted at www.basilread.co.za, and are advised that the Results Booklet contained profit forecast information as defined in the Listings Requirements of the JSE Limited ("JSE") as set out below:
Outlook | 2015 | 2014 |
Profit/(loss) after tax | R160 million | (R820.9 million) |
Headline earnings/(loss) per share | 120 cents per share | (362.08 cents per share) |
The key assumptions that have been used in arriving at these profit forecasts are set out below:
All loss-making contracts have been fully provided for in the 2014 financial year;
Additional work totalling R700 million expected to be awarded and performed during the 2015 financial year;
Total revenue expected of at least R5 billion;
Minimum gross margins of 9% on average;
Overheads of approximately 5.4% of revenue;
Net interest costs of R45 million;
Taxation charge of approximately 28%;
No new shares to be issued during the 2015 financial year; and
No claims and/or delay damages have been included in the determination of profit after tax
Shareholders are advised that the forecasted financial information has not
been reviewed and reported on by the Company's Auditors.
Johannesburg
31 March 2015
Company Secretary
Andiswa T Ndoni
JSE Sponsor
Grindrod Bank Limited
|
distributed by
|
