PPE
PPE
PPE - Purple Capital Limited - Trading Update
Purple Capital Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000071411
("Purple Capital" or "the company")
TRADING UPDATE
In accordance with the JSE Limited`s Listings Requirements, shareholders are
advised that for the year ended 31 August 2010, Purple Capital is expecting to
declare a basic and headline loss of approximately 3,0 cents per share (after
amortisation of intangibles of 2,8 cents per share and interest paid of 1,3
cents per share). This compares to a loss of 13,8 cents per share for the
previous financial year.
Purple Capital was cash flow positive for the year.
After year-end Purple Capital announced and completed the following
acquisitions:
* 75% of WIP Treasury Solutions (Pty) Ltd, a treasury advisory business
incorporating central treasury management, debt origination and
structuring, banking transaction management and risk management; and
* 85% of Powerbet Gaming (Pty) Ltd which operates the well known sports
betting site VOLTBET.COM under a bookmakers license issued by the
Western Cape Gambling and Racing Board.
The financial information on which this trading statement is based has not been
reviewed or reported on by Purple Capital`s auditors.
The audited results for the year ended 31 August 2010 are expected to be
published on or about 2 November 2010.
Johannesburg
8 October 2010
Sponsor: KPMG Services (Pty) Ltd
Date: 08/10/2010 15:31:01 Produced by the JSE SENS Department.
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