KDV - Kaydav Group Limited - Trading statement for the year ended 31 December
KDV
KDV
KDV - Kaydav Group Limited - Trading statement for the year ended 31 December
2011
KAYDAV GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/038698/06)
JSE code: KDV & ISIN: ZAE000108940
("the group" or "KayDav")
TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2011
In terms of the Listings Requirements of the JSE Limited ("JSE Listings
Requirements"), 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% or more from the financial results for the
previous corresponding period.
The group accordingly advises shareholders that it is expecting earnings and
headline earnings per share of between 8.0 and 9.5 cents for the year ended 31
December 2011 compared to earnings and headline earnings per share of 3.3 and
3.9 cents respectively for the year ended 31 December 2010. This represents an
increase in earnings per share of between 142% and 188% and an increase in
headline earnings per share of between 105% and 144%. It should be noted that
these expectations are based on 11 months of trading and forecasts for the
remainder of the financial year and may change once the full year`s trading has
concluded.
Earnings and headline earnings per share are based on a weighted average number
of shares in issue of 183 303 667 (December 2010: 198 961 975).
The financial information on which this trading statement is based has not been
audited or reviewed by KayDav`s auditors.
The financial results for the year ended 31 December 2011 will be published on
SENS by no later than 30 March 2012.
1 December 2011
Sponsor
Java Capital
Date: 01/12/2011 11:11:33 Produced by the JSE SENS Department.
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