DNA SUPPLY CHAIN INVESTMENTS LIMITED: TRADING UPDATE
DNA Supply Chain Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004875/06)
JSE share code: DNA ISIN: ZAE000022794
("DNA")
TRADING UPDATE
Following the announcement, dated 7 March 2002, of the interim results
for the six months ended 31 December 2001, the Board of directors of DNA
("the Board") has deemed it appropriate to issue this trading and general
update.
During this past year DNA has focused on setting the groundwork for
future growth. This has involved positioning DNA for growth, developing and
attracting the appropriate resources and carefully selecting clients for
long-term relationships.
This shift to a longer-term focus will affect short-term earnings and it
is expected that DNA`s earnings for the year ending 30 June 2002 will be
below those of the previous year.
Factors that influenced DNA`s performance were:
* its exposure to the retail sector. The effects of the cyclical nature of
this
business environment on DNA have, however, been reduced by the growth in,
and
focus on, other sectors of DNA`s business and a strategy to broaden the
spread
of its clients;
* a longer than expected integration of our newer businesses (i.e. Jumpoint
and
Streamworks), whose services are being introduced to major clients of DNA;
and
* the need to position DNA for a number of international opportunities being
presented by our four international partners and to assist local clients
in
exploring offshore opportunities.
The Board is comfortable with the current positioning of DNA and is
confident that the benefits of the longer-term focus will be realised within
the next financial period.
Sandton
24 June 2002
Sponsor
SCMB
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Date: 24/06/2002 05:53:29 PM Produced by the SENS Department
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