SEMPRES INTERNATIONAL TECHNOLOGY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Co. Registration Number 1993/05280/06
("Sempres" or "the Company")
PROFIT WARNING
Shareholders are referred to the profit forecast of 20,9 cents per share for
the year ended
28 February 2001 made at the time of the listing of Sempres in August 2000.
Due to a delay in the launch of the software computer management products of
the international subsidiary, revenue from new contracts have been pushed
out and consequently have had a smaller than expected effect on the past
financial year.
The local operations have performed above budget, but due to the nature of
certain of the contracts, part of the revenue have had to be carried forward
to the current financial year and could therefore not compensate for the
shortfall in the international revenue.
The combined effect of the above, has been that Sempres has not met the
original profit forecast. It is expected that the financial results for the
year to February 2001, will be announced by not later than Friday 1 June
2001.
By order of the Board
Pretoria
24 May 2001
Sponsor
BoE Securities (Pty) Limited
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