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KELLY GROUP LIMITED - Further Trading Statement For The Year Ended 30 September 2012

Release Date: 09/11/2012 14:53
Code(s): KEL     PDF:  
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Further Trading Statement For The Year Ended 30 September 2012

KELLY GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/026249/06)
ISIN: ZAE000093373
Share Code: KEL
(“Kelly Group” or “the group” or “the Company”)


FURTHER TRADING STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2012

A trading statement was published on SENS on 23 August 2012 in
which the Kelly Group advised shareholders that the group expects
a reduced operating profit for the full year and a headline loss
per share for the year compared to headline earnings per share of
13.3 cents for the previous year.

A further trading statement is now being issued in order to advise
shareholders that the reduced operating profit referred to in the
previous trading statement is expected to amount to between R8.5
million and R10.5 million compared to R15.6 million in 2011. After
taking into account impairment charges, financing costs, taxation
and the effect of unrecognised tax assets, the earnings per share
are expected to be:

- a headline loss of between 25 and 27 cents compared to headline
earnings of 13.3 cents in 2011.

- a basic loss of between 26.5 cents and 28.5 cents per share
compared to a loss of 23 cents in 2011.


The financial information on which this trading statement is based
has not been reviewed and reported on by Kelly Group`s external
auditors.

The financial results and commentary for the year ended 30
September 2012 will be released on SENS on or about 21 November
2012.

Sandton
9 November 2012

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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