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DIGICORE HOLDINGS LIMITED - Trading statement

Release Date: 13/09/2012 15:30
Code(s): DGC     PDF:  
Wrap Text
DIGICORE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/012601/06)
Share Code: DGC
ISIN Number: ZAE000016945
("DigiCore" or 'the company')

TRADING STATEMENT


In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the next period to be reported on will show a 20% or more difference from those of the previous corresponding period.
Shareholders are advised that the company is in the process of finalising its financial results for the year ended 30 June 2012 and advises that a reasonable degree of certainty exists that turnover and systems shipped showed material growth, however headline earnings will be between 12.4 cents and 13.4 cents per share or between 39.6% to 44.1% lower and attributable earnings will be between 12.3 cents and 13.4 cents per share or between 40.2% to 45.1% lower than that for the year ended 30 June 2011.
A more prudent stock and debtors working capital management policy has been adopted in response to the local and international macroeconomic environment. The implementation of this policy has had a material detrimental impact on the trading results for the period under review.
The financial information on which this trading statement is based has not been reviewed or reported on by the company`s auditors. The results for the year ended 30 June 2012 are expected to be released on or about 27 September 2012. 13 September 2012 Sponsor PSG Capital
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