| Tue 7 Feb 2012, 9:19 | | JDH - John Daniel Holdings Limited - Trading Statement |
|
JDH
JDH
JDH - John Daniel Holdings Limited - 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")
TRADING STATEMENT
The restructure initiatives implemented during the September 2011 financial
year continue to positively impact the trading results. Illustrated through
the turnover growth of 229%, comparing the turnover achieved during the 4
month period ended 31 January 2012 to the previously reported 6 month
interim period, ended 31 December 2010.
The improved trading results include amongst other factors:
- Significantly increased Biotechnology revenues, generated largely by
Cryo-Save SA (Pty) Ltd;
- Reduction in Lazaron Biotechnology (SA) Limited overhead structure;
- Improved orders in the group`s Agri-packaging business, Vinguard
Limited, combined with a lower fixed overhead structure;
- Continued growth in the loan book of the financial services business, -
JDH Credit Services (Pty) Ltd`s (formerly Viscacom (Pty) Ltd); and
- The conclusion of a R15 million fully subscribed JDH rights offer, and
the conversion of the Escalator Capital Limited loan into equity.
In terms of the JSE Listings Requirements, a listed company is required to
publish a trading statement as soon as its board of directors ("board") is
satisfied that a reasonable degree of certainty 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.
Accordingly, shareholders are advised that the board is reasonably certain
that both the loss per share and headline loss per share for the six month
interim period ending 31 March 2012 (being the first six month period for
the financial year ending 30 September 2012 after the change in financial
year end from 30 June to 30 September, effected in 2011) will be at least
20% less than the published results for the comparable six months ended 31
December 2010.
A further trading statement will be published in due course, once a range
has been determined.
The above information has not been reviewed or reported on by the Company`s
auditors.
Johannesburg
07 February 2012
Sponsor
Arcay Moela Sponsor (Pty) Ltd
Date: 07/02/2012 09:19:14 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
