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: update
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: UPDATE
In terms of the Listings Requirements of the 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% or more from the financial
results for the previous corresponding period.
Shareholders are referred to the announcement released on SENS on 1 December
2011, in which shareholders were advised that the group expected earnings and
headline earnings per share of between 8.0 and 9.5 cents for the year ended 31
December 2011.
Shareholders are advised that, the group now expects earnings per share for the
year ended 31 December 2011 of between 9.8 and 10.0 cents (compared to earnings
per share of 3.3 cents for the year ended 31 December 2010) and headline
earnings per share for the year ended 31 December 2011 of between 10.2 and 10.4
cents (compared to headline earnings per share of 3.9 cents for the year ended
31 December 2010). This represents an increase in earnings per share of between
197% and 203% and an increase in headline earnings per share of between 162% and
167%.
Earnings and headline earnings per share are based on a weighted average number
of shares in issue of 182 751 712 (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.
22 March 2012
Sponsor
Java Capital
Date: 22/03/2012 14:21:01 Produced by the JSE SENS Department.
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