BFS - Blue Financial Services Limited - Trading Update
BFS
BFS
BFS - Blue Financial Services Limited - Trading Update
BLUE FINANCIAL SERVICES LIMITED
(Registration number 1996/006595/06)
(Incorporated in the Republic of South Africa)
JSE Code: BFS
ISIN: ZAE000083655
("Blue" or "the Company")
TRADING UPDATE
In terms of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes aware that the
financial results for the next period to be reported on will differ by at
least 20% from those of the previous corresponding period.
Accordingly, Blue hereby advises that, for the financial year ended 28
February 2009, the Company expects earnings per share (EPS) and headline
earnings per share (HEPS) to be between 100% and 120% higher and 35% and 55%
higher respectively than the comparative figures for the previous
corresponding financial year ended 29 February 2008.
The differential in EPS and HEPS is primarily attributable to profit on sale
of shares arising from the creation of Blue Intercontinental Microfinance
Bank, Blue`s Nigeria operation.
During the financial year Blue`s loan book grew by 216% from R482 million to
R1.521 billion. This growth is attributable to acquisition activity, expansion
into new countries in Africa and organic growth of existing operations. Due to
the timing of these activities, the full year effect thereof is not reflected
in the current financial year`s earnings.
The information in this trading update has not been reviewed or reported on by
the Company`s auditors.
Johannesburg
23 April 2009
Designated Adviser: PSG Capital (Pty) Ltd
Date: 23/04/2009 11:12:01 Produced by the JSE SENS Department.
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