JD Group Limited - Trading Statement And Cautionar
JD Group Limited - Trading Statement And Cautionary Announcement
JD Group Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1981/009108/06)
JSE code: JDG ISIN: ZAE000030771
NSX code: JDL
("the Company" or "the Group")
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
In terms of the Listings Requirements of the JSE Securities Exchange South
Africa, companies are required to disclose any material change in their
comparative financial results as soon as they become aware thereof.
In compliance with this requirement, the Company advises that basic headline
earnings per share for the six-month period to 29 February 2004 are expected to
be in excess of 50% higher than those reported for the previous corresponding
period. Net borrowings of the Group declined further due to the better than
expected cash generation. The quality of receivables has improved since the year
end with the level of arrears being the lowest for a number of years.
Trading conditions subsequent to February 2004 remain buoyant with the momentum
in sales experienced in the first half continuing.
As this Trading Statement has been neither reviewed nor reported on by the
Group"s independent auditors, shareholders are advised to exercise caution in
dealing in their shares until the Group"s results for the six-month period ended
29 February 2004 are published on or about 18 May 2004
Johannesburg
16 April 2004
Lead Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Joint Sponsor
PSG Capital Limited
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