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UCS - UCS Group Limited - Trading statement

Release Date: 13/05/2011 16:48
Code(s): UCS
Wrap Text

UCS - UCS Group Limited - Trading statement UCS GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/002253/06) JSE code: UCS ISIN: ZAE000016150 ("UCS" or "the Group") TRADING STATEMENT Shareholders are advised that UCS expects earnings and headline earnings per share to be between 50% and 55% lower for the six months ended 31 March 2011 than the reported earnings and headline earnings per share for the previous corresponding period. The inclusion of the acquistions concluded in the second half of the previous financial year, namely Argility and Cquential Solutions, R17.4 million once-off cost relating to restructuring and related retrenchment costs applicable to Argility and R4.4 million transaction costs associated with the Business Connexion transaction, contributed to the decline in earnings for the period. The financial information contained in this trading statement has not been reviewed or reported on by the Group`s auditors. It is anticipated that the results for the six months ended 31 March 2011 will be published on or about 30 May 2011. Johannesburg 13 May 2011 Sponsor One Capital Date: 13/05/2011 16:48:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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