CVN
CVN
CVN - ConvergeNet - Trading Update
CONVERGENET HOLDINGS LIMITED
(Formerly Vestor Investments Limited)
Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)
Share code: CVN & ISIN: ZAE000102067
("ConvergeNet" or "the company")
TRADING UPDATE
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.
The board is pleased to advise shareholders that the results for the year ended
31 August 2008, are expected to exceed the prior year earnings and headline
earnings per share by between 140% to 150%.
ConvergeNet published a profit forecast for the year ended 31 August 2008, in
its circular to shareholders dated 03 August 2007. The board is pleased to
advise shareholders that the results for the year ended 31 August 2008, are
expected to exceed the previously published profit forecast earnings and
headline earnings per share by between 40% to 50%.
The financial information, on which this trading statement is based, has not
been reviewed or reported on by the company`s auditors.
Johannesburg
17 September 2008
Sponsor
Arcay Moela Sponsors (Proprietary) Limited
Date: 17/09/2008 17:18:44 Produced by the JSE SENS Department.
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