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KEL - Kelly group limited - Trading statement for the year ended 30 September

Release Date: 23/08/2011 08:30
Code(s): KEL
Wrap Text

KEL - Kelly group limited - Trading statement for the year ended 30 September 2011 KELLY GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/026249/06) Share code: KEL ISIN: ZAE000093373 ("Kelly Group") TRADING STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2011 Kelly Group wishes to advise shareholders that headline earnings per share is expected to decrease to between 6.9 cents and 12.6 cents when compared to the same corresponding reporting period (2010: 28.4 cents). Kelly Group expects to recognise impairment losses of approximately R34.0 million for the year ended 30 September 2011, in relation to intangible assets, therefore earnings per share is expected to decrease to between -28.3 cents and -22.6 cents for the year to September 2011 when compared to that of the previous corresponding reporting period (2010: 28.4 cents). The financial information on which this trading statement is based has not been reviewed and reported on by Kelly Group`s external auditors. Sandton 23 August 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 23/08/2011 08:30:04 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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