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JOHN DANIEL HOLDINGS LIMITED - Trading Statement

Release Date: 20/03/2013 16:08
Code(s): JDH     PDF:  
Wrap Text
Trading Statement

JOHN DANIEL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: JDH - ISIN: ZAE000136677
("the Company" or "JDH" or "the Group")


TRADING STATEMENT


The Group results continue to reflect robust growth as a result
of the restructure initiatives implemented in terms of the
Group’s recapitalisation and restructure process announced in
September 2010.

Group revenue increased by 478% for the 15 month period ended
31 December 2012 compared to the comparative period for the
15 months ended 30 September 2011. The increased market share
translated into operating profits for the 2012 period compared
to operating losses reported in the comparative periods.

In addition, the conclusion of a R15 million fully subscribed
rights offer, and the conversion of a portion of the Escalator
Capital Limited loan into equity, has further improved the
solvency of the Group.

In terms of the JSE Listings Requirements, a listed company is
required to publish a trading statement as soon as its board of
directors (“board”) is satisfied that a reasonable degree of
certainty exists that the financial results for the next period
to be reported on will vary by more than 20% from those of the
previous corresponding period or from a profit forecast
previously provided to the market in relation to such period.

Accordingly, shareholders are advised that the board is
reasonably certain that for the 15 month period ended 31
December 2012, headline earnings per share (“heps”) will
increase by between 240% and 260% whilst earnings per share
(“eps”) will increase within the 20% range compared to the
published results for the comparable period ended 30 September
2011.

The above information has not been reviewed or reported on by
the Company’s auditors.

Johannesburg
20 March 2013

Sponsor
Arcay Moela Sponsor (Proprietary) Limited

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