GIJ
GIJ
GijimaAst - Trading Statement
GIJIMA AST GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/021790/06)
Share code: GIJ
ISIN: ZAE000064606
("GijimaAst" or "the company")
TRADING STATEMENT
GijimaAst is currently finalising its results for the six months ended 31
December 2005, which will be released on or about 28 February 2006.
In this regard, shareholders are advised that GijimaAst"s reported basic
earnings per share ("EPS") for the six months ended 31 December 2005 are
expected to improve from the reported loss per share of 41.5 cents for the six
months ended 31 December 2004 to a profit per share of between 0.20 cents and
1.10 cents. Headline EPS for the same period are expected to reduce from the
reported headline EPS of 6.18 cents for the six months ended 31 December 2004 to
between 0.20 cents and 1.10 cents.
The number of shares in issue on which these calculations are based increased
from 354.780 million at 31 December 2004 to 964.667 million at 31 December 2005.
The weighted average number of shares in issue at 31 December 2004 took
cognisance of the dilutive impact of 457.142 million shares issued as part of
the rights issue in May 2005. A further 308.759 million shares were issued in
May 2005 on the merger with certain businesses of Guma Investment Holdings
(Proprietary) Limited (formerly Gijima Info Technologies Afrika (Proprietary)
Limited).
Earnings for the six months ended 31 December 2005 were negatively impacted by
foreign currency translation losses of R12.7 million, or 1.32 cents per share.
These losses arose as a result of foreign currency movements and in particular
the strong performance of the rand against major currencies and had no impact on
cash flows or operations.
The financial information on which this trading statement is based has not been
audited nor reported on by the company"s auditors.
Midrand
31 January 2006
Sponsor
Standard Bank
Date: 31/01/2006 05:15:04 PM Produced by the JSE SENS Department
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