MMG
MMG
MMG - MICROmega - Trading Statement
MICROmega Holdings Limited
(Registration number 1998/003821/06)
(Incorporated in the Republic of South Africa)
ISIN code: ZAE000034435 & Share code: MMG
("MICROmega" or "the Group")
TRADING STATEMENT
In compliance with paragraph 3.4 of the Listing Requirements of the JSE Limited,
a listed company is required to publish a trading statement as soon as it
becomes aware that the financial results for the next period to be reported on
will differ by at least 20% from those of the previous reported period.
MICROmega wishes to advise shareholders that headline earnings per share for the
6 months ended 30 June 2009 are expected to be between 50% and 54% lower than
the headline earnings per share of 23.99 cents for the 6 months ended 30 June
2008. Earnings per share for the same period are expected to be between 68% and
72% lower than the earnings per share of 37.57 cents for the 6 months ended 30
June 200. The decline in both headline earnings per share and earnings per share
is a consequence of the recent failure to conclude a transaction to dispose of
certain assets held at book value in our discontinued operation and the need to
now provide for this write down as at the 30 June 2009.
The financial information on which this trading statement is based has not been
reviewed or reported on by the group`s auditors. The group`s results for the 6
months ended 30 June 2009, are expected to be published on or around the 30
September 2009.
29 September 2009
Sponsor:
Investec Bank Limited
Date: 29/09/2009 12:18:01 Produced by the JSE SENS Department.
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