STO - Set Point Technology Holdings Limited - Trad
STO
STO
STO - Set Point Technology Holdings Limited - Trading Statement
Set Point Technology Holdings Limited
( Incorporated in the Republic of South Africa )
( Registration number: 1996/014334/06 )
Share code: STO & ISIN: ZAE000013629
Trading Statement
The Board is pleased to advise shareholders that for the year ended 31 August
2007 it anticipates the following results:
* Headline earnings per share from continuing operations increasing from 5,7
cents to 7,8 cents per share.
* Headline earnings per share (including the results of discontinued
operations) increasing from 0,6 cents to 2,5 cents per share.
* Basic earnings/(loss) per share (including the results of discontinued
operations) improving from a loss of (4,5) cents per share to a loss of
(0,1) cent per share.
The major differences between HEPS and EPS in the current year derive from the
claw back of a portion of the purchase consideration of the Seran Division from
the original vendor, the subsequent sale of the Seran Division, and the sale of
the Mineral Mining Division. The accounting for discontinued operations
separately from the first day of the 2006/7 financial year is in accordance with
the requirements of IFRS7.
Shareholders are also advised that the group has no net borrowings and intends
to resume the payment of dividends or distributions from the share premium
account. A distribution of 2 cents per share relating to the 2006/7 financial
year will be declared when the results are released.
The forecast has not been reviewed or reported on by Set Point`s auditors. The
release of the final announcement of results for the year ended 31 August 2007
is expected to be published on or about 31 October 2007.
Isando
25 October 2007
Sponsor: Investec Bank Limited
Date: 25/10/2007 16:18:16 Produced by the JSE SENS Department.
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