UCS
UCS
UCS Group Limited - Trading Statement
UCS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/002253/06)
JSE code: UCS
ISIN: ZAE000016150
("UCS" or "the company")
TRADING STATEMENT
Shareholders are advised that UCS"s headline earnings per share are
expected to be between 60% and 70% higher for the year to 30 September 2006
than the headline earnings per share for the comparable period last year
while earnings per share are expected to be between 140% and 150% higher.
The difference between the earnings per share and headline earnings per
share relates predominantly to the once-off realisation of capital profits
totalling R30 million (12.6 cents per share), firstly on dilution of UCS"s
investment in UCS Solutions Holdings (Pty) Limited from 100% to 74.9%, as a
consequence of the TSS transaction which became effective on 1 July 2006,
and secondly the profit on the disposal of the 34% interest in Universal
Knowledge Software (Pty) Ltd which became effective on 1 October 2005.
Included in the headline earnings per share growth is UCS"s portion of a
deferred tax asset that has been raised of R4.3 million (1.8 cents per
share) on previously unrecognised assessed losses available. Management
believe that it is probable that these assessed losses will be utilised.
Shareholders are also advised that the financial information provided in
this trading statement in respect of the year ended 30 September 2006 has
not been reviewed and/or reported on by the company"s auditors. It is
anticipated that the results for the year ended 30 September 2006 will be
published on or about 28 November 2006.
Johannesburg
15 November 2005
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 15/11/2006 10:05:06 AM Produced by the JSE SENS Department
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