UCS
UCS
UCS - UCS Group Limited - Trading statement
UCS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/002253/06)
JSE code: UCS
ISIN: ZAE000016150
("UCS" or "the Group")
TRADING STATEMENT
Shareholders are advised that UCS expects earnings and headline earnings per
share to be between 50% and 55% lower for the six months ended 31 March 2011
than the reported earnings and headline earnings per share for the previous
corresponding period.
The inclusion of the acquistions concluded in the second half of the
previous financial year, namely Argility and Cquential Solutions, R17.4
million once-off cost relating to restructuring and related retrenchment
costs applicable to Argility and R4.4 million transaction costs associated
with the Business Connexion transaction, contributed to the decline in
earnings for the period.
The financial information contained in this trading statement has not been
reviewed or reported on by the Group`s auditors. It is anticipated that the
results for the six months ended 31 March 2011 will be published on or about
30 May 2011.
Johannesburg
13 May 2011
Sponsor
One Capital
Date: 13/05/2011 16:48:01 Produced by the JSE SENS Department.
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