In terms of the Listings Requirements of the JSE Limited (“JSE Listings Requirements”), 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 next will differ by more than 20% from those of the previous corresponding period.
Shareholders are hereby advised that a reasonable degree of certainty exists that the earnings per share for the year ended 31 December 2014 is expected to be between 190 and 192 cents per share (2013: 10 cents), being an increase of between 1 850% and 1 870%. Headline earnings per share is expected to be between 190 and 191 cents per share (2013: 8 cents), being an increase of between 2 209% and 2 229%.
The information contained in this trading statement has not been reviewed or reported on by the Company’s external auditors. R&E expects to release its financial results for the year ended 31 December 2014 in due course.
9 March 2015