IDE - Ideco - Trading Update For Six Month Period Ended 28 February 2009
IDE
IDE
IDE - Ideco - Trading Update For Six Month Period Ended 28 February 2009
Ideco Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/023463/06)
JSE share code: IDE
ISIN Number: ZAE000107579
("Ideco")
TRADING UPDATE FOR SIX MONTH PERIOD ENDED 28 FEBRUARY 2009
In terms of the Listings Requirements of the JSE Limited ("the JSE Listings
Requirements"), companies are required to publish a trading statement as soon
as they are satisfied that a reasonable degree of certainty exists that the
financial results of the period to be reported upon will differ by 20% or more
from the financial results of the previous corresponding period.
Shareholders are advised that the headline loss per share for the interim
period ended 28 February 2009 ("the reporting period") will be between 1,08
cents and 1,12 cents per share compared to a headline loss per share of 0,66
cents in the previous corresponding period, and that the basic loss per share
for the reporting period will be between 1,08 cents and 1,12 cents per share
compared to a basic loss per share of 0,66 cents for the previous
corresponding period. The total number of shares in issue at 28 February 2009
was 202 222 222 shares (2008 : 202 222 222 shares).
The main reason for the increase in the headline loss per share is a delay in
the full implementation of the AFISwitch service contract which was awarded to
Ideco. This was reported to shareholders before.
The information in this trading statement has not been reviewed or reported on
by the company`s auditors. Full details of the company`s operations, and its
prospects for the balance of the 2009 financial year, will be provided with
the announcement of the interim results which will be published on SENS on or
about 27 May 2009.
Designated Adviser: Questco Sponsors (Pty) Limited
Bryanston
22 May 2009
Date: 22/05/2009 16:31:01 Produced by the JSE SENS Department.
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