KELLY GROUP LIMITED - Trading Statement For The Year Ended 30 September 2014

Release Date: 29/08/2014 13:00
Code(s): KEL
 
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Trading Statement For The Year Ended 30 September 2014

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

TRADING STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2014

In terms of the Listings Requirements of the JSE Limited (“JSE”),
companies are required to publish a trading statement as soon as a
reasonable degree of certainty exists that the financial results
for the period to be reported upon next will differ by at least
20% from the financial results for the previous corresponding
period.

Shareholders are hereby advised that the Group expects an
improvement of at least 20% in headline earnings per share for the
year ended 30 September 2014 when compared to the headline
earnings per share of 9 cents reported in the previous year, due
to improved operational performance and strict cost containment.
Shareholders are further advised that due to the capital profits
derived from the disposal of the Group’s US operations in the
prior year, basic earnings per share are expected to decrease by
more than 20% compared to the basic earnings per share of 38.4
cents reported in the previous year.

Further guidance on the expected earnings and the expected ranges
for earnings per share and headline earnings per share will be
provided as soon as management has reached reasonable certainty on
the numbers.

This trading update has not been reviewed and reported on by the
Company’s auditors.

Sandton
29 August 2014

Sponsor
PSG CAPITAL

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