BJM
BJM
BJM - Barnard Jacobs Mellet Holdings Limited - Trading Statement
BARNARD JACOBS MELLET HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1995/004798/06)
JSE code: BJM
ISIN: ZAE000014262
("BJM" or "the Group")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE"), companies
are required to publish a trading statement as soon as they become aware that
the financial results for the period to be reported upon next will differ by
at least 20% from the financial results for the previous corresponding period.
The Group maintained its performance during the second half of the financial
year following on from a challenging first half. The slowdown in equity
agency trading put profitability under pressure, but this was offset by the
implementation of strict cost containment. An impairment charge, relating to
the revaluation of goodwill, further reduced the basic earnings for the year
under review.
In addition to the guidance that was given on 25 February 2010, BJM
shareholders are advised that BJM`s earnings for the year ended 31 March 2010
are expected to be as follows:
- headline earnings between 22 to 26 cents per share (2009 43.2 cps); and
- basic earnings between 17 to 21 cents per share (2009 43.1 cps)
It is anticipated that the results for the year ended 31 March 2010 will be
published on or about 3 June 2010.
This trading update has not been reviewed or reported on by the Company`s
auditors.
Johannesburg
17 May 2010
Sponsors:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Deloitte & Touche Sponsor Services (Pty) Limited
Date: 17/05/2010 10:21:01 Produced by the JSE SENS Department.
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