KEL
KEL
KEL - Kelly Group - Trading Statement For The Six Months To March 2007
KELLY GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/026249/06)
ISIN: ZAE000093373
Share Code: KEL
("Kelly Group" or "the Company" or "the Group")
TRADING STATEMENT FOR THE SIX MONTHS TO MARCH 2007
Kelly Group`s shareholders are advised that for the six months ended 31
March 2007 the Group`s earnings per share ("EPS") and headline earnings per
share ("HEPS") have both considerably increased to between 18 cents per
share and 20 cents per share, compared to 2.3 cents per share for EPS and
2.4 cents per share HEPS for the same period last year.
Earnings before Interest, Taxation, Dividends and Amortisation ("EBITDA")
is expected to have increased by between 40% and 50% while Turnover is
expected to be between 20% and 30% higher than the corresponding period
last year.
The Group listed in April 2007, prior to that it paid interest on its
shareholders loans. The Group`s Normalised EPS and HEPS, after adjusting
for the Shareholder Interest paid prior to listing in both years, and
assuming the new share capital had been in issue for the entire period, is
expected to be between 55% and 65% higher than the corresponding period
last year.
The financial information on which this trading statement is based has not
been reviewed or reported on by the Company`s auditors.
Sandton
18 April 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 18/04/2007 12:26:17 Produced by the JSE SENS Department.
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