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DIGICORE HOLDINGS LIMITED - Trading statement

Release Date: 19/09/2013 14:40
Code(s): DGC     PDF:  
Wrap Text
Trading statement

DIGICORE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/012601/06)
Share Code: DGC
ISIN Number: ZAE000016945
("DigiCore" or “the company” or “the group”)

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed
company is required to publish a trading statement as soon as it becomes aware that
the financial results for the next period to be reported on will show a 20% or more
difference from those of the previous corresponding period.

Shareholders are advised that the company is in the process of finalising its
financial results for the year ended 30 June 2013 and advises that a reasonable degree
of certainty exists that the group’s:

   -     headline earnings will be between 3.2 cents and 3.4 cents per share or between
       73% to 75% lower; and

   -     attributable loss will be between 22.0 cents and 21.0 cents per share or
       between 265% to 273% lower than the attributable earnings,

for the comparative year ended 30 June 2012, as a result of the increased depreciation
charge on rental stock and impairments of goodwill that mainly related to offshore
operations.

The group has increased revenue marginally and maintained gross margins for the year
under review. It also controlled operating expenditure which has resulted in the group
reporting a positive trend in EBITDA. This growth was however materially eroded by the
factors mentioned above.

The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.

The results for the year ended 30 June 2013 are expected to be released on or about
Wednesday, 25 September 2013.


Centurion
19 September 2013

Sponsor
PSG Capital

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