MMG - Micromega Holdings Limited - Trading statement for the year ended 31
MMG
MMG
MMG - Micromega Holdings Limited - Trading statement for the year ended 31
December 2011
MICROmega HOLDINGS LIMITED
(Registration number 1998/003821/06)
(Incorporated in the Republic of South Africa)
Share code: MMG ISIN code:ZAE000034435
("MICROmega" or "the company")
TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2011
In compliance with paragraph 3.4(b) of the Listing Requirements of JSE Limited,
companies are required to publish a trading statement as soon as they are
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported upon next will differ by at least 20% from
the financial results of the previous corresponding period.
Accordingly, shareholders are advised that for the year ended 31 December 2011,
- headline earnings per share is expected to be 27% higher than the headline
earnings per share of 16.46 cents for the year ended 31 December 2010;
- earnings per share is expected to be 32% higher than the earnings per share
of 5.86 cents for the year ended 31 December 2010.
The results reflect the impact of the costs of the restructuring of MICROmega
which entailed the disposal and closure of non-profit contributing businesses
and a refocus of the company`s investment into information technology and its
traditional support service operations.
The financial information upon which this trading statement is based has not
been audited or reviewed by MICROmega`s auditors.
The annual financial results announcement will be released on SENS on Monday, 5
March 2012 and all stakeholders are invited to an investor presentation at
MICROmega House, 66 Park Lane, Sandton at 11:30 for 12:00.
2 March 2012
Sponsor
Java Capital
Date: 02/03/2012 16:23:18 Produced by the JSE SENS Department.
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