JDH
JDH
John Daniel Holdings Limited - Trading Statement
John Daniel Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1998/013215/06)
Share code: JDH & ISIN: ZAE000044343
("the Group" or "JDH")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE"), companies
are required to publish a trading statement as soon as they become
reasonably certain that the financial results for the period to be reported
on next will be more than 20% different from the previous corresponding
period.
Accordingly, shareholders are advised that the group results for the year
ending 30 June 2006 differ compared to the previous corresponding period.
Shareholders are advised that the increase in group turnover is expected to
be 100% higher than the previous corresponding period. Headline earnings
pert share are expected to show a decline of 163% and the earnings per share
a decline of 130% if compared to the previous reporting period. The reasons
for the decline in headline earnings per share and earnings per share are
mainly attributable to:
The discontinuation of the loss making trailer manufacturing operations of
John Daniel Containers Ltd ("JDC") in Gauteng and subsequent write-off.
The financial treatment of Lazaron Biotechnologies (SA) Ltd ("Lazaron") as a
subsidiary rather than an available for sale financial asset and associate
company and the fact that Lazaron"s rapid expansion was internally funded
rather than by a scheduled second round public offer as previously
anticipated.
The company"s results for the year ending 30 June 2006 are expected to be
published on 29 September 2006.
By order of the Board
Stellenbosch
Date: 29 September 2006
Sponsor
LPC MANHATTAN MOELA
LPC Manhattan Moela (Pty) Ltd
(Registration number 2001/009215/07)
Date: 27/09/2006 12:34:03 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
