Reunert Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1913/004355/06)
Share Code: RLO
ISIN: ZAE000005914
("Reunert")
3rd QUARTER TRADING UPDATE
Reunert Limited wishes to advise that the group results for the nine months to
June 2002 was in line with expectations. Reunert`s cash flow and profitability
is on target.
All operations continue to perform well, with the exception of ATC and Reutech
which, as expected, experienced low activity levels.
Reutech`s prospects continue to improve after the receipt of a second major
order recently and management is optimistic that more orders will be awarded
over the next few months. These orders will have a favourable impact on the next
financial year`s results.
ATC has been restructured to reduce costs. No improvement in the trading
conditions of optical fibre is foreseen in the short-term. The weakness in the
telecommunications cable market will not adversely affect Reunert`s results.
Telecommunications continues to do well on the back of a strong order book. The
availability of sites is being addressed in the Cell C network rollout.
The announcement of results for the financial year ending 30 September 2002 is
expected on 19 November 2002.
Sponsor
Rand Merchant Bank
Corporate Finance
A division of FirstRand Bank Ltd.
Date: 08/07/2002 02:02:08 PM Produced by the JSE SENS Department
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