MAXTEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/004039/06)
("the company")
PROFIT WARNING
The board of Maxtec Limited advises shareholders that the group will report a
loss for the interim period ending 28 February 2001.
Profit levels have been affected by the restructuring undertaken during the
latter part of 2000 to improve resource utilisation, as well as certain
acquisition costs.
Margin pressure on storage hardware sales, as well as delayed IT expenditure by
local government had a negative impact on profitability.
The company returned to profitability in December and the revenue for the
interim period increased by 50% over the corresponding period of last year. It
is anticipated that the group will show a profit for the full year.
Rivonia
20 March 2001
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
