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BUSINESS CONNEXION GROUP LIMITED - Trading statement

Release Date: 10/04/2015 15:00
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")

TRADING STATEMENT

In compliance with paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required
to publish a trading statement as soon as they are satisfied that, with a reasonable degree of certainty,
the financial results for the period to be reported on will differ by at least 20% from the financial results
of the previous corresponding period.

Accordingly, shareholders are advised that BCX expects to report earnings per share (“EPS”) for the 6
months ended 28 February 2015 of between 17.0 cents per share and 19.0 cents per share
(H1 2014: 52.2 cents per share), representing a decrease of between 63.6% and 67.4% to the previous
corresponding period.

Excluding the after tax profit of R144.9 million related to the sale of QLink, EPS for the 6 months ended
28 February 2014 was 15.0 cents per share.

Reported headline earnings per share (“HEPS”) is expected to be between 17.0 cents per share and
19.0 cents per share (H1 2014: 15.7 cents per share), representing an increase of between 8.3% and
21.0% to the previous corresponding period.

Normalised diluted HEPS for the 6 months ended 28 February 2015, excluding transaction costs related
to the proposed Telkom SA SOC Limited transaction and amortisation of intangible assets, is expected
to be between 25.0 cents per share and 27.0 cents per share (H1 2014: 20.7 cents per share),
representing an increase of between 20.8% and 30.4% to the previous corresponding period.

The above information has not been reviewed or reported on by the Company’s auditors. The
Company’s interim financial results are expected to be published on or about 16 April 2015.

Midrand
10 April 2015

Sponsor
One Capital

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