BTG - Trading Statement
Bytes Technology Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1911/003874/06)
(Share code: BTG ISIN: ZAE000029526)
(`BTG`)
Trading Statement
Shareholders are advised that BTG expects that its headline earnings per share
for the year ended 28 February 2005, excluding the effects of raising certain
deferred tax assets, will exceed those of the prior year by between 25% and 32%.
Including the benefit of raising these tax assets, headline earnings per share
are expected to exceed those of the prior year by between 30% and 35%.
Shareholders are referred to BTG`s published interim results for the 6 months
ended 31 August 2004 in which the impairment of R100 million to the carrying
value of the goodwill relating to the group`s investment in Plato in the United
Kingdom was fully explained. As this impairment will also be reflected in BTG`s
full year results, attributable earnings per share are expected to be lower than
those of the previous corresponding period by between 70% and 90%.
The information in this trading statement has not been reviewed or reported on
by BTG`s auditors.
The company`s audited results for the year ended 28 February 2005 are expected
to be published on 28 April 2005.
Johannesburg
11 March 2005
Sponsor
JP Morgan Equities Limited
Date: 14/03/2005 01:25:10 PM
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