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KDV - KAYDAV Group Limited - Trading Statement for the year ended 31 December

Release Date: 22/03/2012 14:21
Code(s): KDV
Wrap Text

KDV - KAYDAV Group Limited - Trading Statement for the year ended 31 December 2011: update KAYDAV GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2006/038698/06) JSE code: KDV & ISIN: ZAE000108940 ("the group" or "KayDav") TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2011: UPDATE 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% or more from the financial results for the previous corresponding period. Shareholders are referred to the announcement released on SENS on 1 December 2011, in which shareholders were advised that the group expected earnings and headline earnings per share of between 8.0 and 9.5 cents for the year ended 31 December 2011. Shareholders are advised that, the group now expects earnings per share for the year ended 31 December 2011 of between 9.8 and 10.0 cents (compared to earnings per share of 3.3 cents for the year ended 31 December 2010) and headline earnings per share for the year ended 31 December 2011 of between 10.2 and 10.4 cents (compared to headline earnings per share of 3.9 cents for the year ended 31 December 2010). This represents an increase in earnings per share of between 197% and 203% and an increase in headline earnings per share of between 162% and 167%. Earnings and headline earnings per share are based on a weighted average number of shares in issue of 182 751 712 (December 2010: 198 961 975). The financial information on which this trading statement is based has not been audited or reviewed by KayDav`s auditors. The financial results for the year ended 31 December 2011 will be published on SENS by no later than 30 March 2012. 22 March 2012 Sponsor Java Capital Date: 22/03/2012 14:21:01 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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