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Johannesburg - Stock brokers Barnard Jacobs
Mellet Holdings Limited (BJM) said on Tuesday it is expecting headline
earnings per share for the six months ended September of between 11c and 14c compared to 10.9c for the previous comparable half-year.
Earnings per share are expected to be between 14c and 16c versus
10.4c previously.
The company said that following the implementation of strict cost
containment, management is able to report that all of the group's major
business units are operating profitably.
"Furthermore, management is resolute in ensuring that the group retains
its market position across its key disciplines," it added.
But it said the slowdown in agency trading activity following the
deterioration in both local and global market conditions experienced during
the previous financial year end continued into the current reporting period
and has left profitability under pressure.
The company's interim results for the six months ended September 30 2009
will be announced on or about November 12 2009.
BJM also issued a cautionary on Tuesday saying that it has entered into
discussions, which, if successfully concluded, may have a material effect on
the price of the company's securities.
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