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JASCO ELECTRONICS HOLDINGS LIMITED - Trading Statement

Release Date: 29/08/2012 16:11
Code(s): JSC     PDF:  
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Trading Statement

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



TRADING STATEMENT

Jasco hereby advises that for the year ended 30 June 2012, the
company expects:
   •   Earnings per share (“EPS”) to be between 90% and 110%
       higher (between 14,8 cents and 16,4 cents per share)
       than   the  7,8 cents    per  share for  the previous
       corresponding financial year.
   •   Headline earnings per share (“HEPS”) to be between 10%
       and 30% higher (between 15,4 cents and 18,2 cents per
       share) than the 14,0 cents per share for the previous
       corresponding financial year.


The increase in EPS performance relates to the inclusion of
Spescom for a full 12 month period and the ongoing improvement
of the group’s investment in M-TEC. The difference between the
EPS and HEPS increases is due to once-off adjustments incurred
in the previous financial year.
In addition, both the EPS and HEPS in 2012 were impacted by a
full weighting of shares issued for the Spescom transaction in
January 2011. This has increased the weighted average number
of shares in issue to 140 173 019 (2011: 122 745 469).


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

Shareholders are advised that Jasco’s audited abridged results
will be announced on 19 September 2012.



Johannesburg
29 August 2012


Sponsor
Grindrod Bank Limited

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