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DTH
DTH
DTH - DTH Dynamic Technology Holdings - Voluntary Trading Statement
DTH DYNAMIC TECHNOLOGY HOLDINGS LIMITED
(Formerly Dynamic Visual Technologies Holdings Limited)
(Registration number: 2004/016984/06)
Share Code: DTH
ISIN: ZAE000124681
("DTH" or "the group" or "the Company")
www.DTH.co.za
VOLUNTARY TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listing Requirements of the JSE Limited
("the Listings Requirements"), companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results
for the next reporting period will differ by at least 20% from those of the
previous corresponding period.
Whilst this trading statement is not required in terms of the Listings
Requirements, management considers it appropriate to provide a voluntary trading
statement.
DTH is in the process of completing its results for the 6 months ended 31 August
2009. DTH shareholders are advised that DTH expects a decrease of between 10%
and 20% in earnings per share ("EPS") and between 10% and 20% in headline
earnings per share ("HEPS") when compared to the corresponding period in the
prior year.
The decline in EPS and HEPS is mainly due to the impact of the generally poor
economic conditions on the business of the Company. Specifically:
- operating margins on our core services have come under increasing downward
pressure due to pricing pressure from our clients and we have had to adjust our
pricing to retain several large contracts; and
- prior to being discontinued, our specialised IT recruitment business, The
Talent Exchange incurred an operating loss of approximately R880,000 in the 6
months to 31 August 2009, which has had a material impact on the group`s
earnings for this period.
The above trading statement has not been reviewed or reported on by the
Company`s external auditors.
The Company expects to publish its interim results for the 6 months ended 31
August 2009 on SENS on or about 9 October 2009.
Johannesburg
2 October 2009
Designated Advisor:
PSG Capital (Proprietary) Limited
Date: 02/10/2009 13:38:01 Produced by the JSE SENS Department.
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employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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