JASCO ELECTRONICS HOLDINGS LIMITED - Trading Statement

Trading Statement

JASCO ELECTRONICS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration Number 1987/003293/06
Share code: JSC     ISIN: ZAE000003794
(“Jasco” or “the company” or “the group”)



TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon as
they are satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported upon
next will differ by at least 20% from the previous corresponding
period.

Introduction
In spite of difficult economic conditions in South Africa and
severe volatility in the rate of exchange during the period,
Jasco’s first half performance was pleasing, with the full impact
of the restructure benefits flowing through.

December 2015
Jasco therefore advises that, for the six months ended 31
December 2015, the company expects:
   -   Revenue growth for the six months to 31 December 2015 will
       be between 8% and 13% higher than the previous
       corresponding period
   -   Operating profit for the six months to 31 December 2015
       will be between 265% and 285% higher than the previous
       corresponding period
   -   Earnings per share (“EPS”) to be between 760% and 780%
       higher (between 5,42 cents and 5,55 cents per share)
       compared to the 0,63 cents per share for the previous
       corresponding period,
   -   Headline earnings per share (“HEPS”) to be between 730%
       and 750% higher (between 5,40 cents and 5,53 cents per
       share) than the 0,65 cents per share for the previous
       corresponding period.


The weighted average number of shares in issue for the period
increased from 214 269 855 to 223 997 016 due to a full weighting
of past share issues in the current period. There have been no
shares issued since the previous financial year ended 30 June
2015.

M-TEC
The group sold its 51% shareholding in its associate, M-TEC, as
disclosed to shareholders previously in 2015. The final
suspensive condition, being approval from the Competition
Authorities, is the only outstanding item. This is expected in
the near future.


Conclusion
As committed the new look Jasco has returned to profitability
and is well positioned to negotiate the challenging economic
conditions expected to continue during 2016.


The information in this trading statement has not been reviewed
or reported on by the company’s external auditors.

Shareholders are further advised that Jasco’s unaudited interim
results for the six months ended 31 December 2015 will be
announced on 10 February 2016.


Midrand
13 January 2016


Sponsor
Grindrod Bank Limited

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