BJM
BJM
BJM - 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 BJM"s interim results, due for publication on or
about 16 November 2006, will show the following:
Basic earnings of R78,4 million, 116% higher than the R36.2 million for the
prior comparative period. (94.2 cents per share vs 36.9 cents per share.)
Normalised earnings of R31.6 million, 65% higher than the R22 million for the
prior comparative period. The disposal of the Group"s holding of JSE shares,
distributed by way of dividend in specie, resulted in an after tax profit of
R57m.
Headline earnings of R21 million, which include an STC expense of R10.6 million
paid on the final FY06 dividend and the dividend in specie distribution. (25.2
cents per share vs 22.4 cents per share in the prior comparative period).
Note that the impact of International Financial Reporting Standards (IFRS),
results in earnings per share being calculated on a weighted average of 83
million shares while any dividends payable will be calculated on a total of 100
million shares in issue. Shareholders are also advised that the financial
information relating to the six months ended 30 September 2006 has not been
reviewed and/or reported on by the company"s auditors.
Johannesburg
25 October 2006
Sponsors:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Deloitte & Touche Corporate Finance (Pty) Limited
Date: 25/10/2006 08:31:10 AM 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
