GIJ
GIJ
GIJ - Gijima Group Limited - Trading
Statement
Gijima Group
Limited
(previously Gijima AST Group
Limited)
Registration number
1998/021790/06
Share code:
GIJ
ISIN:
ZAE000147443
("Gijima" or "the
Company")
TRADING
STATEMENT
Gijima is currently finalising its results for the six
months ended 31 December
2011, which are planned for release on SENS on or about
21 February 2012.
In this regard, shareholders are advised that Gijima`s
reported basic earnings
per share ("EPS") and headline earnings per
share ("HEPS") for the six
months
ended 31 December 2011 are expected to improve to
between 3.00 cents and 3.15
cents from the reported basic and headline loss per
share of 28.25 cents and
28.24 cents respectively for the six months ended 31
December 2010 ("comparative
period").
EPS and HEPS for the six months ended 31 December 2011
were positively impacted
by a net 0.82 cents comprising of a number of once off
items
including:
* the reversal of an accrual not
expected to realise that was created in
previous reporting
periods;
* costs relating to the
implementation of the new client
centric
business model;
and
* unrealised foreign exchange rate
losses on the translation
of
intercompany loan
accounts.
The basic and headline loss per share reported for the
comparative period
included a once-off expense in terms of a settlement
agreement reached with the
Department of Home Affairs. Should the impact of the
once-off settlement expense
be eliminated from the comparative period`s results,
the expected improvement of
EPS and HEPS to between 3.00 cents and 3.15 cents for
the six months ended 31
December 2011 occurs from a normalised basic and
headline loss of 0.26 cents.
The net effect of the six months` trading is that cash
balances have been
improved from R86.5 million as at the Company`s year
ended June 2011, to R199.1
million at end December 2011. The Company`s
debt-to-equity ratio has improved to
101% from the 116% recorded at year
end.
The financial information on which this trading
statement is based has not been
audited and reported on by the Company`s external
auditors.
Samrand
25 January
2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank
Limited)
Date: 25/01/2012 13:05:00 Produced by the JSE SENS
Department.
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or
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howsoever arising, from the use of SENS or the use of,
or reliance
on,
information disseminated through SENS.
distribué par | Ce noodl a été diffusé par Gijima Group Limited. Il a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-25 14:42:38 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |