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BEIGE HOLDINGS LIMITED - Trading Statement and Reminder of Change in Year End

Release Date: 04/02/2013 09:24
Code(s): BEG     PDF:  
Wrap Text
Trading Statement and Reminder of Change in Year End

BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
(“Beige” or “the company”)
ISIN Code: ZAE 000034161 Share code: BEG

TRADING STATEMENT AND REMINDER OF CHANGE IN YEAR END


In terms of paragraph 3.4(b) 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 on will differ at
least 20% or more from the financial results for the
previous corresponding period.

Shareholders are reminded that Beige has changed its year
end from 31 March to 30 June each year in order to align
its year end with that of its new controlling shareholder.
The   company   accordingly  prepared   audited  financial
statements for a three month period ended 30 June 2012 and
these reflected a loss and headline loss per share of 0.23
cents.

Notwithstanding the change in year end, for trading
statement purposes for the new interim period, being the
six months ended 31 December 2012, the Company is required
to compare the expected earnings and headline earnings
figures to the interim results for the six months ended 30
September 2011. Shareholders should take note of the fact
that the periods being compared have different trading
patterns and conditions.

Shareholders are accordingly advised that for the six month
period ended 31 December 2012, the company is expecting to
report a loss and headline loss of between 0.85 to 0.95
cents per share compared to earnings and headline earnings
of 0.51 cents per share for the six months ended
30 September 2011.   The diluted loss and headline loss is
expected to be between 0.85 and 0.95 cents per share
compared to diluted earnings and headline earnings of 0.43
cents per share for the six months ended 30 September 2011.
The financial information on which this trading statement
is based has not been reviewed, or reported on, by the
company’s auditors.

Johannesburg
4 February 2013

Designated Advisor
Arcay Moela Sponsors (Pty) Ltd
(Registration number 2006/033725/07)

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