BEG - Beige - Trading Update for the year ended 31
BEG
BEG
BEG - Beige - Trading Update for the year ended 31 March 2007
BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
("Beige" or "the company")
ISIN Code: ZAE000034161 & Share code: BEG
TRADING UPDATE FOR THE YEAR ENDED 31 MARCH 2007
In terms of the Listings Requirements of the JSE Limited ("the JSE"),
listed companies are required to publish a trading statement as soon as
they become reasonably certain that the financial results for the next
period to be reported on will be more than 20% different from those of
the previous corresponding period or from a profit forecast previously
provided to the market in relation to such period. Beige published a
profit forecast for the year ended 31 March 2007, due to the expectation
that the results for the year would be materially different from the
results of the prior year following the consolidation of 100% of
acquisition of Quality Products (Pty) Ltd.
The board is pleased to advise shareholders that the results for the year
ended 31 March 2007, are expected to show a complete turnaround in
earnings and headline earnings per share of 0.08 cents, based on 386 390
419 shares in issue, to earnings and headline earnings per share of
between 2 400% and 2 420% better than the prior comparative 13 month
period ended 31 March 2006, on a fully diluted basis.
In addition, Beige shareholders are advised that the company published a
profit forecast dated 13 November 2006, whereby earnings and headline
earnings for the year ending 31 March 2007 were anticipated to be R10.48
million. Based on fully diluted shares in issue of 823 514 811, this
equated to fully diluted earnings and headline earnings of 1.27 cents per
share. Shareholders are advised that Beige expects fully diluted
earnings and headline earnings to be between 40% and 60% better than the
projected, fully diluted, earnings and headline earnings of 1.27 cents
per share.
The financial information on which this trading statement is based has
not been reviewed nor reported on by the company`s auditors.
Johannesburg
14 May 2007
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 14/05/2007 08:14:01 Produced by the JSE SENS Department.
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