Gijima AST Group Limited - Trading Statement
Gijima AST Group Limited
(`GijimaAst` or `the company`)
(Incorporated in the Republic of South Africa)
(Registration number 1998/021790/06)
Share code: GIJ
ISIN: ZAE000064606
Trading Statement
GijimaAst is currently finalising its results for the twelve months ended 30
June 2005, which are planned for release on 30 August 2005.
In this regard, shareholders are advised that GijimaAst`s reported headline
earnings per share for the twelve months ended 30 June 2005 are expected to
improve to between 14.8 cents and 16.5 cents. Basic loss per share for the same
period is expected to improve to between 18.2 cents and 22.8 cents. The reported
headline earnings and basic loss per share are based on a weighted average of
315,6 million shares in issue. Current shares in issue, after the rights issue
and merger, are 964,7 million.
Normalised headline and basic earnings per share, as calculated by the company,
are expected to be between 6.10 cents and 7.45 cents. Normalised earnings
include the results of the Gijima businesses acquired in May 2005 for a full
twelve months, add back the full benefit of the interest saving resulting from
the funds raised from the Group`s rights issue in May 2005, and exclude abnormal
items. The normalised headline earnings per share provide a more meaningful
comparison and are based on the increased shares in issue of 964,7 million.
The financial information on which this trading statement is based has not been
audited and reported on by the company`s auditors, in accordance with the
Listings Requirements of the JSE Limited.
Midrand
18 August 2005
Sponsor
Standard Bank
Date: 18/08/2005 03:56:46 PM
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