JDG
JDG
JDG - JD Group Limited - Trading statement
JD Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
ISIN: ZAE000030771
JSE code: JDG
("the Group")
TRADING STATEMENT
On 31 March 2009 the Group announced on SENS that it had resolved its
outstanding contingent liabilities and that there would be a once off charge of
R344 million to the 2009 financial results ("tax settlement"). The Group has
also undertaken a significant restructuring of its collection process, which was
fully centralised on 15 January 2009. This has resulted in a number of
duplicated costs ("restructuring costs") that are not expected to recur in the
future. Accordingly, shareholders are hereby advised that the earnings and
headline earnings per share have been adversely affected by both the tax
settlement and restructuring costs and are as a result, expected to be between
105% and 110% lower than those reported for the previous corresponding period.
Should the effect of the tax settlement and the restructuring costs be
disregarded, the earnings and headline earnings per share are expected to be
between 0% and 5% higher than reported for the previous corresponding period.
Shareholders are advised that the forecast financial information contained in
this Trading Statement has neither been reviewed nor reported on by the Group`s
external auditors.
The Group`s results for the six months ended 28 February 2009 will be released
on SENS on or about Monday, 11 May 2009.
30 April 2009
Johannesburg
Sponsor: PSG Capital (Proprietary) Limited
Date: 30/04/2009 16:00:41 Produced by the JSE SENS Department.
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