IDE - Ideco Group Limited - Ideco Trading Update April 2010
IDE
IDE
IDE - Ideco Group Limited - Ideco Trading Update April 2010
Ideco Group Limited
Incorporated in the Republic of South Africa
(Registration number 2001/023463/06)
Share Code: IDE & ISIN code: ZAE000107579
("Ideco" or "the Company" or "the Group")
IDECO TRADING UPDATE APRIL 2010
In terms of the Listings Requirements of JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the
financial results for the period to be reported on will differ by more than 20%
from that of the previous corresponding period.
Shareholders are advised that the earnings per share will be approximately 0.09
cents per share for the six months ended 28 February 2010 compared to the loss
of 1,10 cents per share for the six months ended 28 February 2009. Similarly,
the headline profit per share is expected to be approximately 0.09 cents per
share for the six months ended 28 February 2010 compared to the headline loss of
1,10 cents per share for the six months ended 28 February 2009. Revenue
increased by between 35% and 45% and an operating profit of between R3,5 million
and R3,8 million (compared to an operating loss of R4,8 million) was achieved.
The unaudited results will be published on 19 May 2010.
The directors believe that the turnaround in profit is a direct result of the
solid foundation that has been laid for long-term sustainable growth. Further
thereto, the directors remain confident of the Group`s growth prospects.
The financial information on which this trading statement has not been reviewed
by the Company`s auditors.
22 April 2010
Bryanston
Designated Advisor: QuestCo Sponsors (Pty) Limited
Date: 22/04/2010 12:06:03 Produced by the JSE SENS Department.
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