| Tue 10 Jun 2008, 10:39 | | SBG - Simeka Business Group Limited - Trading Statement |
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SBG
SBG
SBG - Simeka Business Group Limited - Trading Statement
Simeka Business Group Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: SBG ISIN code: ZAE000074878
("Simeka" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE Listings
Requirements"), 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 previous corresponding period.
Simeka accordingly advises that for the 12 month period ended 31 May 2008 the
company expects:
revenue to be between 30% and 35% higher than for the 12 month period ended 31
May 2007, which was R446,9 million;
headline earnings to be between 35% and 40% higher than for the 12 month period
ended 31 May 2007, which were R45,4 million; and
headline earnings per share (weighted in issue and to be issued) to be between
20% and 25% higher than for the 12 month period ended 31 May 2007, which were
12,0 cents.
Simeka advises that these results are supported by a strong, sustainable annuity
revenue base that is diversified across the industry sectors and revenue type
with depth of management, retention plans and up skilling in place for greater
growth potential for the group.
Simeka further advises that these results do not include any contribution from
the recently announced acquisition of SAB&T Ubuntu Holdings Limited, which was
implemented after the financial year ended 31 May 2008.
The financial results on which this trading statement has been based have not
been reviewed or reported on by the company`s auditors.
The financial results of the company will be published on SENS on or about
Monday, 25 August 2008.
10 June 2008
Designated Advisor
Java Capital (Proprietary) Limited
Date: 10/06/2008 10:39:01 Produced by the JSE SENS Department.
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