Business Connexion Group Limited - Trading Stateme
Business Connexion Group Limited - Trading Statement
Business Connexion Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/005282/06)
Share code: BCX
ISIN: ZAE000054631
(`Business Connexion` or `the Company`)
TRADING STATEMENT
Business Connexion is currently finalising its results for the year ended 31 May
2005, which should be released before 20 August 2005. In this regard,
shareholders are advised that headline earnings per share (`HEPS`) is likely to
be between 100% - 120% higher, and earnings per share (`EPS`) is likely to be
between 140% - 160% higher than the corresponding reporting period of the
previous year.
The gain in HEPS is attributable to improved operating performance, a derivative
gain related to the sale of the group`s interest of Mosaic Software Holdings
Limited and recognition of deferred tax assets.
The increase in EPS is attributable, in addition to the above, to the gains
realised on the sale of the group`s interest in Mosaic Software Holdings Limited
and Digital Healthcare Solutions (Proprietary) Limited.
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by the Company`s auditors.
Midrand
27 July 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/07/2005 11:16:44 AM
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