Proper Group Limited - Important Notice To Shareho
Proper Group Limited - Important notice to Shareholders
PROPER GROUP LTD
MANAGEMENT SERVICES
(Incorporated in the Republic of South Africa)
(Registration number: 1998/001940/06)
(JSE sharecode: PRO)
(ISIN code: ZAE000027181)
("Proper Group" or "the company")
Proper Group shareholders are advised that the company`s financial results, for
the year ending 31 August 2002, are expected to be below those of the previous
financial year and that which was anticipated in the interim report of February
2002. This is largely attributable to the high cost of restructuring and
expansion undertaken by the company, the full benefits of which have not yet
been realised.
The Proper Group Directors believe that this investment in specialty manpower
and infrastructure will substantially improve the company`s profitability over
the medium to long-term.
Further details relating to the company`s profitability for the current
financial year will be contained in its final results, for the year ended 31
August 2002, to be published in November 2002.
Bloemfontein
17 September 2002
Sponsor
KPMG
Date: 16/09/2002 05:55:00 PM Produced by the JSE SENS Department
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