SPS
SPS
Spescom Limited - Trading statement
SPESCOM LIMITED
(Incorporated in the Republic of South Africa)
(Reg No 1987/001083/06)
Share Code: SPS & ISIN: ZAE000017919
("Spescom")
Trading statement
In terms of paragraph 3.4(b) of the JSE Limited Listing Requirements ("the
JSE Listing Requirements") a listed company is required to publish a
trading statement as soon as it is satisfied that a reasonable degree of
certainty exists that the financial results for the period to be reported
on next will differ by at least 20% from those of the previous
corresponding period.
In compliance therewith, the Spescom Board anticipates reporting an
improved trading position for the half year period April 2006 to September
2006 (trading profit between R0m and R1m) as compared to the first half
period October 2005 to March 2006 (loss from operations of R8m). The
overall effect for the full year ended 30 September 2006 remains negative
with an anticipated loss from operations ranging between R6m and R8m (2005:
loss of R6,2m)
The group"s improved performance during the second half of the year is
primarily attributable to growth in the call centre market. This
improvement is expected to continue into the new financial year.
The headline loss for the year is anticipated to range from 26cents per
share to 31 cents per share. This includes provisions for write down in
offshore investments, unrealised foreign exchange losses as well as
adjustments arising on the conversion to IFRS in line with the JSE Listing
Requirements. This headline loss compares to headline earnings of 38.7
cents per share (2005) which included the effects of restructuring the
group"s offshore investment. Likewise, the loss per share for the year
under review is expected to range from 24 cents per share to 28 cents per
share as compared to loss per share of 2.1 cents for the comparative prior
year.
This forecast has not been reviewed or reported on by Spescom"s auditors.
The release of the results for the year ended 30 September 2006 is expected
to be published on or about 27 November 2006.
Johannesburg
10 November 2006
Sponsor: Investec Bank Limited
Date: 10/11/2006 05:15:05 PM Produced by the JSE SENS Department
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