BJM - Barnard Jacobs Mellet Holdings Limited - Tra
BJM
BJM
BJM - Barnard Jacobs Mellet Holdings Limited - Trading Statement
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" or "the Group")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE"), companies
are required to publish a trading statement as soon as they become aware that
the financial results for the period to be reported upon next will differ by
at least 20% from the financial results for the previous corresponding period.
Accordingly, BJM shareholders are advised that BJM`s earnings for the period
ended 30 September 2007 are as follows:
- Headline earnings up 30% to R27.2 million (32.9 cents per share) from R21
million (25.2 cents per share). Headline earnings include STC paid on
ordinary dividends.
- Normalised earnings down 10% to R27.2 million (34.4 cents per share) from
R31.6 million (38 cents per share). STC charges are excluded from
normalised earnings.
- Basic earnings down 65% to R27.2 million (32.9 cents per share) from
R78.4 million (94.2 cents per share). Basic earnings for September 2006
included the once-off profit realised on the in specie distribution of
the Group`s holding of JSE shares.
Attention is drawn to the effect of International Financial Reporting
Standards 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 results for the period ended 30 September 2007 will be published on
or about 14 November 2007.
The financial results on which this trading statement has been based have not
been reviewed or reported on by the Company`s auditors.
Johannesburg
30 October 2007
Sponsors:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Deloitte & Touche Sponsor Services (Pty) Limited
Date: 30/10/2007 17:05:01 Produced by the JSE SENS Department.
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