DLG - Dialogue Group Holdings Limited - Trading Statement
DLG
DLG
DLG - Dialogue Group Holdings Limited - Trading Statement
DIALOGUE GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2005/039219/06)
Share Code: DLG ISIN: ZAE000083820
("Dialogue" or "the Group")
TRADING STATEMENT
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE
Limited, companies are required to inform shareholders as soon as there is a
reasonable degree of certainty that the earnings of the company are likely to
vary by more than 20% compared to the previous corresponding period.
Dialogue`s board of directors therefore advises shareholders that basic earnings
per share ("EPS") attributable to ordinary shareholders for the six months ended
30 June 2010 is expected to increase by more than 20% when compared to those
reported for the previous corresponding period.
The improvement in the Group`s EPS is mainly attributable to the derecognition
of a wholly owned subsidiary of the Group namely Dialogue South Africa
(Proprietary) Limited ("Dialogue SA"), following the granting of an order by the
High Court of South Africa (Western Cape Division, Cape Town) for the voluntary
liquidation of Dialogue SA, details of which were announced on the Securities
Exchange News Service on 1 April 2010.
At this time, the Group is unable to quantify, with reasonable certainty, the
expected headline earnings per share ("HEPS") for the period. An updated
trading statement will be released once reasonable certainty exists in respect
of the expected range (within 20%) of both EPS and HEPS.
The information in this trading statement has not been reviewed or reported on
by the Group`s external auditors.
Johannesburg
19 August 2010
Designated Advisor: PSG Capital (Proprietary) Limited
Date: 19/08/2010 09:39:02 Produced by the JSE SENS Department.
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