BJM
BJM
BJM - BJM - Trading Update
BARNARD JACOBS MELLET HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1995/004798/06)
JSE code : BJM
ISIN : ZAE000014262
("BJM" or "the Company")
TRADING UPDATE
Shareholders are advised that management`s expectation for BJM`s earnings
for the year ended 31 March 2007 is as follows:
- Basic earnings between R110 million and R114 million (134 and 138
cents per share) (2006: R69 million; 75 cents per share).
- Normalised earnings between R62 million and R66 million (74 and 78
cents per share) (2006: R59 million; 65 cents per share).
- Headline earnings between R49 million and R53 million (59 and 63 cents
per share) (2006: R55 million; 60 cents per share).
Basic earnings include the realised profit that resulted from the
distribution in specie of the JSE shares held by the BJM Group. Headline
earnings include STC of R6.3m paid on the in specie distribution and R6.2m
STC paid on ordinary dividends. These STC charges are excluded from
normalised earnings.
Attention is drawn to the effect of IFRS accounting, which results in
earnings per share being calculated on a weighted average of 83 million
shares in issue, while dividends per share are calculated on a total of 103
million shares in issue. It is anticipated that the audited results for the
year ended 31 March 2007 will be published on or about 31 May 2007. This
trading update has not been reviewed or reported on by the Company`s
auditors.
Johannesburg
18 May 2007
Sponsors:
Barnard Jacobs Mellet Corporate Finance
(Pty) Limited
Deloitte & Touche Corporate Finance (Pty) Limited
Date: 18/05/2007 17:10:02 Produced by the JSE SENS Department.
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