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 year ended
31 March 2008 are as follows:
- Headline earnings up 5% to R54 million (67.3 cents per share) from R51.3
million (61.8 cents per share). Headline earnings include STC paid on
dividends.
- Normalised earnings down 11.6% to R56.4 million (70.3 cents per share) from
R63.8 million (76.9 cents per share). STC charges are excluded from
normalised earnings.
- Basic earnings down 52% to R54.2 million (67.6 cents per share) from R113
million (136.1 cents per share). Basic earnings during the previous year
included the once-off profit realised on 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 80.2 million shares in issue, while dividends per share are
calculated on a total of 91.3 million shares in issue. It is anticipated that
the results for the year ended 31 March 2008 will be published on or about 12
June 2008.
This trading update has not been reviewed or reported on by the Company`s
auditors.
Johannesburg
29 May 2008
Sponsors:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Deloitte & Touche Sponsor Services (Pty) Limited
Date: 29/05/2008 17:00:02 Produced by the JSE SENS Department.
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