Bytes Technology Group Limited - Trading Statement
BTG
BTG
Bytes Technology Group Limited - 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
BTG is currently finalising its results for the financial year ended 28 February
2006, which results will be published on or about 24 April 2006. These results
include the impact of adopting International Financial Reporting Standards
("IFRS") as well as the raising of deferred tax assets. In compliance with
Section 3.4(b) of the JSE Limited Listings Requirements, shareholders are
provided with the information below in regard to BTG"s expected headline
earnings per share ("HEPS") and earnings per share ("EPS") for the financial
year ended 28 February 2006.
Compared to prior Compared to prior
year restated to year as published
comply with IFRS
Increase in HEPS 40% - 50% 35% - 45%
Increase in adjusted HEPS* 22% - 32% 18% - 28%
Increase in EPS 125 - 145 cents 150 - 170 cents
* Adjusted to exclude the impact of raising deferred tax assets at 28 February
2006
HEPS for the year ended 28 February 2005 has been restated in compliance with
IFRS and has resulted in an adjustment for that year from 89.7 cents to 86.4
cents per share. The attributable loss for the year ended 28 February 2005 has
also been adjusted due to this restatement which, together with the change in
accounting standards in terms of which goodwill is now subject to impairment
rather than amortisation, results in an adjustment from 56.1 cents to 29.8 cents
per share.
The information in this trading statement has not been reviewed or reported on
by BTG"s auditors.
17 March 2006
Johannesburg
Sponsor
Nedbank Capital
Date: 17/03/2006 03:35:49 PM Produced by the JSE SENS Department
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