JD GROUP LIMITED - TRADING STATEMENT
JD GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
JSE code: JDG
NSX code : JDL
ISIN: ZAE000030771
(`JD Group` or `the Group`)
TRADING STATEMENT
In terms of the Listings requirements of the JSE Securities Exchange South
Africa, companies are required to publish a Trading Statement as soon as they
become reasonably certain that the financial results for the period to be
reported on next will differ by more than 20% from those of the previous
corresponding period.
The board of directors of JD Group advise that its basic headline earnings per
share for the 12 months ended 31 August 2004 are expected to increase by more
than 50% on the 340.5 cents per share reported for the corresponding prior
period. This improvement is primarily due to the favorable economic conditions
in the local durable credit retail market persisting throughout the full
financial year. The benefits flowing from the real growth in consumers`
disposable income has materially reduced the credit risk profile of the Group
and has further enhanced the cash generated.
The forecast contained in this Trading Statement has not been reviewed or
reported on by the company`s external auditors. JD Group will release its
financial results for the 12 months ended 31 August 2004 on 23 November 2004.
By order of the board.
Johannesburg
10 November 2004
Lead Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty ) Ltd
Joint Sponsor
PSG Capital Limited
Date: 10/11/2004 01:07:49 PM
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