ZPT - Zaptronix Limited - Trading Statement For The Year Ended 31 August
ZPT
ZPT
ZPT - Zaptronix Limited - Trading Statement For The Year Ended 31 August
2008
ZAPTRONIX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/014928/06)
Share code: ZPT
ISIN: ZAE000070934
("Zaptronix" or "the company")
Trading statement for the year ended 31 August 2008
Zaptronix shareholders are advised that the company`s earnings per share
("EPS") and headline earnings per share ("HEPS") for the year ended 31
August 2008 are expected to reflect a loss of 0.67 and 0.12 cents per share
respectively. The EPS and HEPS for the previous year ended 31 August 2007
showed a profit of 0.21 and 0.25 cents per share respectively.
The reduction in EPS is partially attributable to non-recurring losses and
write-offs which reduced EPS by 0.50 cents per share. The reduction in HEPS
is attributable to a commercial shift from revenue being earned up-front by
the outright sale of hardware to revenue being earned on an annuity basis
from rental contracts. Revenue was further reduced due to timing
differences resulting from a change in strategy to discontinue aged products
and services in favour of introducing new products and services.
Shareholders are advised that the information provided in this trading
statement has not been reviewed and/or reported on by the auditors and is
provided in terms of paragraph 3.4(b) of the JSE Limited Listings
Requirements.
Midrand
7 November 2008
Designated Advisor
QuestCo Sponsors (Pty) Limited
Corporate Advisor
Radagast Capital (Pty) Limited
Date: 07/11/2008 16:51:01 Produced by the JSE SENS Department.
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