Registration number: 1997/009173/06
("Busby")
Profit Warning
Shareholders are advised that, while the Busby Group remains profitable, the
profits of Busby for the 12 months to 30 June 2001 will be lower than the
earnings for the previous financial year.
The main reasons for this decline are as follows:
Costs incurred in restructuring the value retail distribution division. The
restructuring process in this division is now complete, and no additional
costs will be incurred in the new financial year.
Tough trading conditions in the retail sector.
The major operating businesses of Busby continue to trade satisfactorily
despite the tough retail trading conditions currently experienced. These
businesses are supported by a dedicated team of people and a strong balance
sheet.
The final results will be published on or about the 29th of August 2001.
28 June 2001
Johannesburg
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