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JOHN DANIEL HOLDINGS LIMITED - Trading Statement

Release Date: 16/08/2013 13:04
Code(s): JDH     PDF:  
Wrap Text
Trading Statement

JOHN DANIEL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1998/013215/06)
Share code: JDH    ISIN: ZAE 000136677
(“the Company”)


TRADING STATEMENT
Further Improvement in Financial Results


The Group results continue to reflect an improvement
pursuant to the Group’s recapitalisation and restructure
process as previously announced.

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, and following the previous trading statement
published on 4 July 2013 which advised shareholders that
the interim loss per share and headline loss per share
for 30 June 2013 was expected to reduce by at least 20%
compared to the interim results published for 31 March
2012,   shareholders are now advised that the board is
reasonably certain that both the loss per share and
headline loss per share for the six month interim period
ending 30 June 2013 (being the first six month period for
the financial year ending 31 December 2013) will be
reduced by between 75% and 95% compared to the published
results for the comparable six months ended 31 March
2012.

The expected improved range of 75% to 95% will result in
a loss per share and headline loss per share of between
(0.16) and (0.03) cents compared to the loss per share
and headline loss per share of (0.62) cents reported for
the 6 months ended 31 March 2012.

The calculation of the loss per share and headline loss
per share is based on 444 132 132 issued shares at 30
June 2013 (31 March 2012 – 440 405 505) and weighted
average number of shares in issue of 444 132 211 (31
March 2012 – 366 353 491).
The above information has not been reviewed or reported
on by the Company’s auditors.


Johannesburg
16 August 2013

Sponsor
Arcay Moela Sponsors Proprietary Limited

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