KDV - KayDav - Trading Statement For The Six Months Ended 30 June 2008
KDV
KDV
KDV - KayDav - Trading Statement For The Six Months Ended 30 June 2008
KAYDAV GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/038698/06)
JSE code: KDV & ISIN: ZAE000108940
("KayDav" or "the company")
TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2008
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% or more from the financial results for the
previous corresponding period.
The Kaydav prospectus issued on 1 November 2007 contains audited financial
statements for the six months ended 30 June 2007, (but these financials were
prior to the acquisition of the operating businesses that make up Kaydav and are
hence of limited value from a comparative perspective), and pro forma financial
information for the six months ended June 2007 incorporating the results of the
operating businesses acquired.
The company anticipates that headline earnings per share will be between 3.3 and
3.5 cents per share for the six months ended June 2008 as compared with 5.3
cents reported in the pro forma financial information and the loss of 410,302
cents per share in the audited financials statements for the corresponding prior
period.
The company has impaired goodwill during the current reporting period, resulting
in an expected loss per share for the six months ended June 2008 of between 25
and 30 cents per share compared to earnings per share of 5.3 cents in the pro
forma financial information and the loss per share of 410,302 cents in the
audited financial statements for the corresponding prior period.
The financial information on which this trading statement is based has not been
audited or reviewed by the company`s auditors.
The financial results for the six months ended 30 June 2008 will be published on
SENS by no later than 30 September 2008.
16 September 2008
Sponsor
Java Capital (Proprietary) Limited
Date: 16/09/2008 13:43:03 Produced by the JSE SENS Department.
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