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KAYDAV GROUP LIMITED - Trading statement

Release Date: 12/12/2017 17:10
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 Listings Requirements of the JSE Limited, 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.

The earnings expectation for the year ended 31 December 2017, set out below, represents KayDav’s best estimate at
this time and shareholders are advised that KayDav is not able to provide, with a reasonable degree of certainty, a
specific percentage and numbers, or range and numbers, to describe the difference in the financial results for such
period. Once the company obtains reasonable certainty in this regard it will issue a further trading statement.

On 22 August 2017 KayDav reported a loss per share of 0.6 cents and a headline loss per share of 0.7 cents for the 
six months ended 30 June 2017. Earnings have since improved due to the normal seasonal increase in sales activity and
decrease in bad debts. KayDav now expects to report earnings and headline earnings per share of at least 5.0 cents for
the year ended 31 December 2017. However, profitability will still be well below the earnings and headline earnings
per share of 15.8 cents and 15.9 cents respectively for the year ended 31 December 2016.

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

The audited results for the year ended 31 December 2017 are anticipated to be released by 31 March 2018.

12 December 2017

Sponsor

Java Capital

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