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 6 months ended 31 August 2005, which include the impact of International
Financial Reporting Standards (`IFRS`) being adopted in preparing the results,
will exceed those as published for the previous corresponding period by between
20 and 30%. In restating the prior period results to comply with IFRS, the
increase will be between 25 and 35%. Headline earnings per share for the
previous corresponding period decrease from 36.8 to 35.4 cents as a result of
the restatement.
Earnings per share for the 6 months ended 31 August 2005, reported in compliance
with IFRS as well as the change in accounting standards in terms of which
goodwill is now subject to impairment rather than amortisation, will exceed
those as published as well as those restated to comply with IFRS for the
previous corresponding period by between 175 and 195%. The loss per share for
the previous corresponding period decreases from 54.5 to 49.4 cents as a result
of the restatement.
The information in this trading statement has not been reviewed or reported on
by BTG`s auditors.
The company`s interim results for the 6 months ended 31 August 2005, which will
contain details of the impact of adopting IFRS, are expected to be published on
or about 5 October 2005.
7 September 2005
Johannesburg
Sponsor
Nedbank Capital
Date: 07/09/2005 04:20:22 PM
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