Calgro M3 wishes to advise shareholders that the company's earnings per share for the 6 months ended 31 August 2009 is expected to be between 77% and 97% higher than those reported on in the previous corresponding period.
Headline earnings per share for the 6 months ended 31 August 2009 is expected to be between 108% and 128% lower than those reported on in the previous corresponding period.
The variation between EPS and HEPS is attributable to the profit made on the disposal by Calgro M3 Land (Proprietary) Limited of 30% of its equity interest in and cession of its claims against Fleurhof Extension 2 (Proprietary) Limited, as detailed in the circular dated 7 April 2009. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
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