| Thu 21 Feb 2013, 16:15 | | DIGICORE HOLDINGS LIMITED - Trading statement |
|
DGC 201302210052A
Trading statement
DIGICORE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/012601/06)
Share Code: DGC
ISIN Number: ZAE000016945
("DigiCore" or the company)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed
company is required to publish a trading statement as soon as it becomes aware that
the financial results for the next period to be reported on will show a 20% or more
difference from those of the previous corresponding period.
Shareholders are advised that the company is in the process of finalising its interim
financial results for the six months ended 31 December 2012 and advises that a
reasonable degree of certainty exists that our headline earnings will be between 4.1
cents and 4.9 cents per share or between 51% to 59% lower and attributable earnings
will be between 4.5 cents and 5.3 cents per share or between 47% to 55% lower than
that for the comparative six month period ended 31 December 2011.
This is as a result of a host of factors, including:
- reduced gross margins on sale of units to our major partners,
- the Cell Incentive Bonus coming to an end,
- an increase in operating expenses during the period under review,
- an increase in depreciation and amortization charges,
- an increase in financing charges to assist in the funding of the rental units.
On a positive note, we were able to increase our turnover, systems shipped and
installed base, further entrenching the future annuity revenue streams. All these
factors will have a positive benefit to the business in future years. We are also
streamlining our operations and closing down loss making entities, thus consolidating
our operations.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors. The interim results for the six
months ended 31 December 2012 are expected to be released on or about Wednesday, 27
February 2013.
21 February 2013
Sponsor
PSG Capital
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