IQG
IQG
IQG - Iquad - Trading Statement
IQuad Group Limited
Registration Number 2004/025177/06
Share Code: IQG & ISIN: ZAE000101622
("IQuad" or "the Company" or "the Group")
TRADING STATEMENT
In terms of the Listing Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they become reasonably certain that
the financial results for the period to be reported on next, will differ by more
than 20% from those of the previous corresponding period.
Shareholders are advised that EPS and HEPS for the year ended 28 February 2009
is expected to be between 40% and 50 %(EPS) and between 18% and 28% (HEPS) lower
than the corresponding period ended 29 February 2008.
The variance is mainly attributable to discontinued operations during the 2009
financial year. EPS and HEPS from continuing operations are expected to be
between 15% and 25% (EPS) and 8% and 18% (HEPS) lower than the corresponding
period ended 29 February 2008.
The negative results from discontinued operations are considered non-recurring
and comprise largely of disinvestments due to non performance.
The group`s results from continuing operations have been negatively affected by
new investments that have not yielded the required return. Profit warranties are
however in place that provides protection against future underperformance.
Prospects for these new investments remain encouraging.
The information contained in this trading statement has not been reviewed or
reported on by the company`s external auditors. Iquad expects to release its
financial results for the year ended 28 February 2009 on or about 16 April 2009.
31 March 2009
Designated Adviser - PSG Capital (Pty) Limited
Date: 31/03/2009 15:34:01 Produced by the JSE SENS Department.
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