BCX - Business Connexion Group Limited - Trading Statement
BCX
BCX
BCX - Business Connexion Group Limited - Trading Statement
Business Connexion Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/005282/06)
Share code: BCX
ISIN: ZAE000054631
("BCX" or "the group")
TRADING STATEMENT
BCX shareholders are advised that the group`s basic earnings per share for the
six months ended 30 November 2008 ("the period") are expected to be between 0%
and 10% higher than the corresponding reporting period last year.
The group`s headline earnings per share are anticipated to be between 30% and
40% lower than the previous reporting period. This decline is attributable to a
payment of R15.7 million secondary tax on companies ("STC") in the period on the
special dividend of 60 cents per share declared for the year ended 31 May 2008
as well as one-off costs of R24 million (R13.8 million after tax and minority
interest) relating to the group`s revitalisation programme.
The differential between basic earnings and headline earnings relates to the
profit of R14.4 million (after tax and minority interest) realised on the sale
of the group`s property in Faerie Glen during the period, and this is reflected
in basic earnings only.
BCX`s results for the six months ended 30 November 2008 will be released on SENS
on Thursday, 12 February 2009.
The financial information on which this trading statement is based has not been
reviewed or reported on by the group`s auditors.
Midrand
2 February 2009
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 02/02/2009 15:15:01 Produced by the JSE SENS Department.
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