Better figures from UCS

By Iain Scott for UCS Group

Johannesburg, 28 Apr 2004

UCS Group is expecting to report a much better set of financial results for the six months to 31 March.

The group has advised shareholders that headline earnings per share (HEPS) for the interim period are likely to be substantially higher than those of the same period a year earlier.

In terms of JSE definitions, this means that HEPS will be at least 30% up on the previously reported figure.

For the six months to 31 March last year, UCS achieved HEPS of 6c. The group reported adjusted HEPS of 4.9c.

The group says it expects to publish the latest results on or about 6 May.

Last year UCS acquired Affinity Logic from Datatec, Massmart Holdings and Affinity management for R35.24 million in cash and the issue of about 10.77 million UCS shares.

The final conditions for the deal were met in September.