OneLogix - Trading Statement For The Half Year End
OLG
OLG
OneLogix - Trading Statement For The Half Year Ended 30 November 2005
Onelogix Group Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1998/004519/06)
Share code: OLG ISIN code: ZAE000026399
("OneLogix" or "the company")
TRADING STATEMENT FOR THE HALF YEAR ENDED 30 NOVEMBER 2005
In terms of the Listings Requirements of the JSE Limited ("JSE Listings
Requirements"), companies are required to publish a trading statement as soon as
they become aware that the financial results for the period to be reported upon
next would differ by at least 20% from the financial results for the previous
corresponding period.
OneLogix accordingly advises that for the six months ended 30 November 2005 it
expects earnings per share to be between 105% and 115% and headline earnings per
share to be between 45% and 55% higher than reported on for the previous
comparative period.
This increase is primarily attributable to the following:
* a strong operating performance for the six month period;
* additional tax allowances claimed;
the positive impact of the conversion from SA GAAP to IFRS; and
* as it pertains to earnings per share, the company no longer amortises goodwill
(in the prior period an amount of R1.5 million was amortised).
The financial results on which this trading statement has been based have not
been reviewed or reported on by the company"s auditors. The financial results of
the company will be published on or about 24 February 2006.
Warning: The listing of the ordinary shares in the company is on the ALTX.
Shareholders are advised of the risks of investing in a company listed on the
ALTX. Shareholders are advised that the JSE does not guarantee the viability or
the success of a company listed on the ALTX. In terms of the JSE Listings
Requirements a designated advisor has to be retained by the company. The
designated advisor is required to, inter alia, attend all board meetings held by
the company to ensure that all JSE Listings Requirements and applicable
regulations are complied with, approve the financial director of the company and
guide the company in a competent, professional and impartial manner. If the
company fails to retain the designated advisor it must make arrangements to
appoint a new designated advisor within 10 business days, failing which the
company faces suspension of trading of its securities. If a designated advisor
is not appointed within 30 days of its suspension the company faces the
termination of its listing without an offer to minority shareholders.
Rosebank
15 February 2006
Designated advisor
Java Capital (Proprietary) Limited
Date: 15/02/2006 04:04:52 PM Produced by the JSE SENS Department
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