BFS - Blue Financial Services Limited - Further trading update
BFS
BFS
BFS - Blue Financial Services Limited - Further 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")
FURTHER TRADING UPDATE
In accordance with paragraph 3.4 of the Listings Requirements of the JSE
Limited, a listed company is required to publish a trading statement as soon as
it becomes aware, with a reasonable degree of certainty, that the financial
results for the next period to be reported on are likely to vary by more than
20% from the previous corresponding period.
Further to the trading update released on SENS on 23 April 2009, Blue wishes to
advise shareholders that the previously reported range of expected earnings per
share ("EPS") and headline earnings per share ("HEPS") is lower than previously
reported, accordingly the Company expects EPS and HEPS for the financial year
ended 28 February 2009 to be between 50% and 70% higher and 0% and 10% higher
respectively than the comparative figures for the previous corresponding
financial year ended 29 February 2008.
The subsequent change in EPS and HEPS is primarily due to a IFRS allocation
arising from the allocation of shares to staff in terms of an equity settled
employee compensation plan, a further increase in the goodwill impairment and a
disputed, unprovided tax charge on the sale of a minority interest in a
subsidiary.
The financial information on which this trading update is based has not been
reviewed or reported on by the Company`s auditors.
Shareholders are hereby advised that the Company will be releasing its reviewed
financial results for the year ended 28 February 2009 during the course of
today.
Johannesburg
21 May 2009
Designated Adviser: PSG Capital (Proprietary) Limited
Date: 21/05/2009 12:03:01 Produced by the JSE SENS Department.
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