Barnard Jacobs Mellet Holdings Limited - Trading U
BJM
BJM
Barnard Jacobs Mellet Holdings Limited - Trading Update
BARNARD JACOBS MELLET HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1995/004798/06)
JSE code : BJM
ISIN :ZAE000014262
("BJM")
TRADING UPDATE
Shareholders are advised that management"s expectation for BJM"s earnings for
the year ended 31 March 2006 is as follows:
Basic earnings between R65 million (70 cents per share) and R70 million (75
cents per share).
Headline earnings between R51 million (56 cents per share) and R56 million (61
cents per share).
This compares to basic and headline earnings of R12.3 million (12.45 cents per
share) and R7.1 million (7.2 cents per share) respectively in the prior year.
The difference between basic and headline earnings is attributable to the
adoption of IFRS, settlement of the ITI claim and the partial sale of JSE
shares. Note that the impact of IFRS results in any dividends payable being
calculated on a total of 102 919 450 shares in issue, while earnings per share
are calculated on a weighted average of 91 248 864 shares in issue.
Shareholders are also advised that the financial information relating to the
year ended 31 March 2006 has not been reviewed and/or reported on by the
company"s auditors. It is anticipated that the results for the year ended 31
March 2006 will be published on or about 31 May 2006.
Johannesburg
12 May 2006
Sponsors:
Barnard Jacobs Mellet Corporate Finance
(Pty) Limited
Deloitte & Touche Corporate Finance (Pty) Limited
Date: 12/05/2006 05:10:07 PM Produced by the JSE SENS Department
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