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KAYDAV GROUP LIMITED - Trading statement

Release Date: 09/09/2019 17:17
Code(s): KDV     PDF:  
 
Wrap Text
Trading statement

KAYDAV GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/038698/06)
JSE share code: KDV ISIN: ZAE000108940
("KayDav" or "the Group" "the company")

TRADING STATEMENT

In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are
satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period 
will differ by at least 20% from the financial results for the previous corresponding period.

Shareholders are accordingly advised that the company's earnings per share ("EPS") and headline earnings per share
("HEPS") for the six months ended 30 June 2019 are expected to be between 2.9 and 3.2 cents per share or between
24% and 31% lower for EPS and between 22% and 29% lower for HEPS, compared to the earnings per share of 4.2 cents 
and headline earnings per share of 4.1 cents reported in the unaudited interim results for the six months ended 
30 June 2018. In addition to tough trading conditions, HEPS and EPS were negatively affected by the application of 
IFRS 16, an increase in the net impairment loss on trade and other receivables and costs incurred to terminate the
employment of selected employees.

The information on which this trading statement has been based has not been reviewed or reported on by KayDav's
auditors.

The unaudited interim results for the six months ended 30 June 2019, are anticipated to be released on 13 September 2019.


9 September 2019

Sponsor
Java Capital

Date: 09/09/2019 05:17:00
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