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Any thoughts on the trading update?

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analyst
Frequent Contributor
BSI 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 period to be reported on will differ by at least 20% or more from the financial results previously provided to the market. Shareholders are advised that BSI is currently finalising its results for the year ended 31 March 2008 and are advised that BSI's earnings for the year ended 31 March 2008 is expected to be up by between 185% and 205% on the previous year's audited earnings. This is an increase of between 20% and 30% on the earnings and headline earnings per share forecast previously provided to the market at the time of listing on the 24th October 2007. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
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