Decillion Limited - Trading Update
(Incorporated in the Republic of South Africa)
(Registration number 1998/011692/06)
Share code: DEC
ISIN: ZAE000017612
("Decillion" or "the Group")
TRADING UPDATE
Shareholders are advised that the Group has remained profitable in the second
half of 2002. However, market conditions in the financial services sector have
lead to the Group anticipating that the financial results for the year ending 31
December 2002 will be below those of the 2001 financial year.
Total fee income has grown during the period, benefiting from the Group`s
strategy to increase fees as a proportion of the earnings mix.
The Board has taken steps to reduce the fixed cost base of the Group so as to
increase future profitability even if market conditions do not improve in the
immediate future. Management continues to address the best positioning of the
Group`s businesses to take account of current market circumstances, without
negating the considerable growth opportunities available.
Johannesburg
18 December 2002
Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 18/12/2002 05:01:00 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
