UCS - UCS Group Limited - Trading Statement And Cautionary Announcement
UCS
UCS
UCS - UCS Group Limited - Trading Statement And Cautionary Announcement
UCS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/002253/06)
JSE code: UCS
ISIN: ZAE000016150
("UCS" or "the company")
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
Trading Statement
Shareholders are advised that UCS expects growth of 27.6% in revenue to R725
million over the comparative period for the six months ended 31 March 2009, of
which 11% is organic. The balance of 16.6% is mainly attributable to Computer
Software Consultants (Pty) Ltd acquired with effect from 1 June 2008 and brought
to account from 1 September 2008.
Normalised EBITDA, excluding foreign exchange translation differences and the R8
million income realised in the prior period on the conclusion of the Aquitec
acquisition, grew by 6.5% over the prior year comparative period.
Headline earnings per share are expected to be between 55% and 65% lower for the
interim period ended 31 March 2009 than the headline earnings per share for the
previous corresponding period while earnings per share are expected to be
between 95% and 105% lower.
The difference between the earnings per share and headline earnings per
share relates to the impairment of goodwill and intangible assets associated
with certain business units, totalling some R14.9 million (5.1 cents per share)
for the period under review.
The financial information contained in this trading statement has not been
reviewed or reported on by the company`s auditors. It is anticipated that the
results for the interim period ended 31 March 2009 will be published on or about
19 May 2009.
Cautionary announcement
Shareholders are advised that UCS has entered into negotiations which, if
successfully concluded, may have an effect on the price of the company`s
securities. Accordingly, shareholders are advised to exercise caution when
dealing in the company`s shares until a further announcement is made.
Johannesburg
7 May 2009
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 07/05/2009 14:13:01 Produced by the JSE SENS Department.
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