JDH - John Daniel Holdings Limited - Updated trading statement
JDH
JDH
JDH - John Daniel Holdings Limited - Updated trading statement
JOHN DANIEL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1998/013215/06)
Share code: JDH ISIN: ZAE 000136677
("the Company")
UPDATED TRADING STATEMENT
In terms of the JSE Listings Requirements, listed companies are required to
publish a trading statement as soon as the board is satisfied that a
reasonable degree of certainty ("reasonably certain") exists that the
financial results for the next period to be reported on will vary by more
than 20% from those of the previous corresponding period or from a profit
forecast previously provided to the market in relation to such period. An
updated trading statement is required when new information indicates that
forecast results are likely to be outside a previously disclosed range in a
previously announced trading statement.
Accordingly, further to the trading statement announced on SENS on 12
October 2011 forecasting an expected improvement in both the loss per share
and headline loss per share for the 15 months ended 30 September 2011 of a
minimum of 40% compared to the prior year ended 30 June 2010, additional
information as well as clarity on the valuation of certain of the Company`s
assets has been obtained that indicates, within a reasonable degree of
certainty of knowledge by the board, that the respective loss per share and
headline loss per share for the 15 months ended 30 September 2011 are now
both expected to be between 90% and 110% better compared to the previously
published results for the 12 month financial year ended 30 June 2010.
The above information has not been reviewed or reported on by the Company`s
auditors.
Johannesburg
15 December 2011
Sponsor
Arcay Moela Sponsor (Pty) Ltd
Date: 15/12/2011 16:55:25 Produced by the JSE SENS Department.
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