PNG - Pinnacle Point Group Limited - Trading Statement Announcement
PNG
PNG
PNG - Pinnacle Point Group Limited - Trading Statement Announcement
PINNACLE POINT GROUP LIMITED
(Registration Number: 2000/000059/06)
Share code: PNG ISIN code: ZAE000127122
("Pinnacle Point" or "the Company")
TRADING STATEMENT ANNOUNCEMENT
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 are
satisfied that a reasonable degree of certainty exists that the financial
results for the next period to be reported on will vary by more than 20% from
those of the previous corresponding period or from a profit forecast previously
provided to the market in relation to such period.
Accordingly, shareholders are advised that the Company expects that the earnings
per share and headline earnings per share for the 12 months ending 28 February
2011 will be between 60% and 80% higher than the results for the 12 months ended
28 February 2010.
Furthermore, shareholders are also advised that the 28 February 2011 earnings
per share and headline earnings per share are expected to be between 110% and
130% lower than the profit forecast which was published on SENS on 30 October
2009.
This trading statement has not been reviewed or reported on by the Company`s
external auditors.
Johannesburg
24 December 2010
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 24/12/2010 11:26:01 Produced by the JSE SENS Department.
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