The Business Connexion Group has issued a revised trading statement regarding the anticipated headline earnings per share (HEPS) and earnings per share (EPS) ranges for the six months ended 29 February 2012.
It refers to the trading statement dated 15 March 2012, where the company’s HEPS and EPS were projected to respectively be between 45% to 60% and 30% to 40% higher than the corresponding reporting period for the previous year.
Subsequent to that statement, BCX has received confirmation that the capital gains tax of R30,3-million resulting from the sale of Destiny Electronic Commerce has been allowed against previous capital losses. At the time of publishing the trading statement, it was deemed not prudent to assume such a set off until confirmation had been received.
Accordingly, BCX has revised its earnings projection for the period and shareholders are advised that it is now reasonably certain that the HEPS and EPS will respectively be between 135% to 140% and 110% to 115% higher than the corresponding reporting period for the previous year.