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GNDE - GND / GNDP - Grindrod Limited - Trading statement

01/07/2009 15:09:02

GND GNDP
GND
GND / GNDP - Grindrod Limited - 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 six month period to 30 June 2009 to
decrease by between 50% and 60%, compared to the corresponding period of 2008.
This is as a result of the impact of the world economic decline on group
activities, substantially weaker shipping markets and the material effect
of a substantially stronger Rand/US Dollar exchange rate.
Headline earnings per share for the six months to 30 June 2008 was 242,8 cents.
The forecast contained in this Trading Update has not been reviewed or
reported on by the company's external auditors. Grindrod will release its
interim results for the six months ended 30 June 2009 on or about 19 August
2009.
By order of the board.
1 July 2009
Sponsor
Grindrod Bank Limited
Date: 01/07/2009 15:09:02 Produced by the JSE SENS Department.
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