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BUSINESS CONNEXION GROUP LIMITED - Trading statement

Release Date: 12/11/2014 07:05
Code(s): BCX     PDF:  
Wrap Text
Trading statement

Business Connexion Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/005282/06)
Share code: BCX
ISIN: ZAE000054631
("BCX" or the "Company" or the “Group”)

TRADING STATEMENT

In   compliance  with   section   3.4(b)   of  the   JSE Listings
Requirements, BCX herewith provides guidance regarding the
anticipated earnings per share ("EPS") and headline earnings per
share ("HEPS") ranges for the year ended 31 August 2014.

Accordingly, shareholders are advised that BCX expects to report
EPS of between 62.0 cents per share and 67.0 cents per share
(2013: 44.7 cents per share) i.e. between 38.7% and 49.9% higher
than the previous corresponding period. HEPS is expected to be
between 22.0 cents per share and 27.0 cents per share (2013: 34.2
cents per share) i.e. between 21.1% and 35.7% lower than the
previous corresponding period.

Excluding the results of QLink, the prior year’s EPS and HEPS were
37.2 cents and 26.7 cents respectively.

Normalised HEPS for the year ended 31 August 2014 is expected to
be between 38.0 and 42.0 cents per share (2013: 45.4 cents per
share) i.e. between 7.5% to 16.3% lower than the previous
corresponding period. This excludes inter alia the after tax
profit on the sale of the QLink business and amortisation of
intangible assets created on the acquisition of subsidiaries and
businesses.

The above information has not been reviewed or reported on by the
Company’s auditors. The Company’s audited financial results for
the year ended 31 August 2014 are expected to be published on or
about 18 November 2014.


Midrand
12 November 2014

Sponsor
One Capital

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