BCX - Business Connexion Group Limited - Revised Trading Statement
BCX
BCX
BCX - Business Connexion Group Limited - Revised Trading Statement
Business Connexion Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/005282/06)
Share code: BCX
ISIN: ZAE000054631
("BCX" or "the Company")
REVISED TRADING STATEMENT
In compliance with paragraph 3.4(b) of the JSE Limited Listings Requirements,
BCX is pleased to provide further guidance to the market regarding the
anticipated headline earnings per share ("HEPS") and earnings per share
("EPS") ranges for the six months ended 29 February 2012 ("the Period").
BCX shareholders ("Shareholders") are referred to the trading statement dated
15 March 2012 ("Trading Statement") stating that the Company`s HEPS and EPS
for the Period were projected to respectively be between 45% - 60% and 30% -
40% higher than the corresponding reporting period for the previous year.
Subsequent to the Trading Statement, the Company received confirmation that
the capital gains tax of R30.3 million resulting from the sale of Destiny
Electronic Commerce Proprietary Limited has been allowed against previous
capital losses. At the time of publishing the Trading Statement, the Company
deemed it prudent not to assume such a set off, until the aforementioned
confirmation had been received.
Accordingly, the Company has revised its earnings projection for the Period
and Shareholders are advised that the Company is now reasonably certain that
the HEPS and EPS for the Period will respectively be between 135% - 140% and
110% - 115% higher than the corresponding reporting period for the previous
year.
The above information has not been reviewed and reported on by the Company`s
auditors. The Company`s unaudited financial results for the Period are
expected to be published on or about 19 April 2012.
Midrand
5 April 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/04/2012 14:27:01 Produced by the JSE SENS Department.
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