To view the PDF file, sign up for a MySharenet subscription.

KAYDAV GROUP LIMITED - Trading Statement

Release Date: 29/06/2017 17:28
Code(s): KDV     PDF:  
Wrap Text
Trading Statement

KAYDAV GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/038698/06)
JSE share code: KDV ISIN: ZAE000108940
(“KayDav” or “the Group” “the Company”)


TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as
soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting
period will differ by at least 20% from the financial results for the previous corresponding period.

The tough macro-economic environment has had a significant negative impact on trading conditions in the wood-
based panel industry which resulted in substantial increases to the Group’s provisions for bad debts to date while its
own sales and profit margins have also been negatively impacted. Shareholders are therefore advised that the
Company’s earnings per share and headline earnings per share for the six months ended 30 June 2017 are expected to
be at least 80% lower compared to the earnings per share of 7.6 cents per share and headline earnings of 7.7 cents per
share reported in the unaudited interim results for the six months ended 30 June 2016.

Shareholders are further advised that KayDav does not have reasonable certainty to provide guidance as to either the
specific percentage and numbers, or the range and numbers, to describe the difference in the financial results in such
periods. Once the Company obtains reasonable certainty in this regard it will issue a further trading statement.

The information on which this trading statement has been based has not been reviewed or reported on by KayDav’s
auditors.

The unaudited interim results for the six months ended 30 June 2017, are anticipated to be released on
21 August 2017.

29 June 2017


Sponsor
Java Capital

Date: 29/06/2017 05:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story