DTP - DataPro Group - Trading Statement and Furthe
DTP
DTP
DTP - DataPro Group - Trading Statement and Further Announcement Regarding
Change of Auditors
Datapro Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/016433/06)
("DataPro Group", "DataPro" or "the Company")
JSE Code: DTP ISIN Code: ZAE000058061
TRADING STATEMENT
AND
FURTHER ANNOUNCEMENT REGARDING CHANGE OF AUDITORS
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed
company is required to publish a trading statement as soon as it is satisfied
that 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 those of the
previous corresponding period.
The DataPro`s interim financial results for the 6 months ended 28 February 2007
are expected to be announced on or about 19 April 2007. Shareholders are
advised that a reasonable degree of certainty exists that the Company`s earnings
per share is expected to be between 30% to 50% higher, and headline earnings per
share is expected to be 70% to 90% higher, than the 1.52 cents and 1.16 cents
achieved respectively in the prior year.
The improved performance is primarily due to the increase in annuity income from
both organic and acquisitive growth of the Company.
This trading statement has not been reviewed or reported on by DataPro`s
external auditors.
Further to the announcement dated 2 April 2007, regarding the change of Company
auditors, the Board of Directors of DataPro notes the following:
- Sound corporate governance practice identifies the rotation of auditors on
a 5-year basis to maintain independence. Grant Thornton was appointed as
the Company`s auditors in September 2001;
- Deloitte was selected from the audit firms tendering for the Company audit,
inter alia, for the following reasons:
- access to the global reach and telecommunications expertise of the
worldwide Deloitte network;
- access to Deloitte`s broader scope of services was considered
important to the growing financial and service orientated needs of
DataPro Group; and
- the appointment of an auditor recognised internationally by investors
and regulators remained critical given DataPro`s status as a
significant, high growth listed Company.
Johannesburg
03 April 2007
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 03/04/2007 17:03:00 Produced by the JSE SENS Department.
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