SKJ
SKJ
SKJ - Sekunjalo Investments Limited - Trading statement
Sekunjalo Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share code: SKJ & ISIN: ZAE000017893
("Sekunjalo" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes aware that a
reasonable degree of certainty exists that its financial results for the next
reporting period will differ by 20% or more from those of the corresponding
reporting period of the previous year. The Board of Sekunjalo accordingly
advises that they expect headline earnings per share and (basic loss) per
share for the year ended 31 August 2009 to be between 1.4c to 1.7c and (9.7c)
to (11.6c) per share, respectively.
Earnings/(loss) per share have been impacted largely due to non-recurring
impairments of goodwill of R33.9m, property plant and equipment R32m and
intangible assets, R13m and impairment of other financial assets, R3.9m,
totalling approximately, R82.8m. Restructuring cost in the form of
retrenchments and the like, totalling approximately R7.5m before tax was also
taken into account for the calculation of headline earnings per share and
basic loss per share. Should one exclude such restructuring cost in the
calculation of headline earnings per share, headline earnings per share would
have been between 2.8c to 3.4c per share.
It is anticipated that the financial results of Sekunjalo for the year ended
31 August 2009 will be released on SENS on or about Wednesday, 25 November
2009.
The financial information on which this trading statement is based has not
been reviewed and reported on by the company`s auditors.
Cape Town
20 November 2009
Sponsor
PSG Capital (Pty) Limited
Date: 20/11/2009 15:32:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
