Hudaco - Trading Update For The First Quarter Of T
HUDACO INDUSTRIES LIMITED
("HUDACO")
Share code: HDC
ISIN Code: ZAE000003273
TRADING UPDATE FOR THE FIRST QUARTER OF THE 2003 FINANCIAL YEAR
As the annual general meeting of the Company is being held today it is felt
appropriate to issue a trading update for the quarter to 28 February 2003.
The continuing strength of the Rand in the first quarter has lead to signs of
lower levels of activity in Hudaco"s main markets, the mining and manufacturing
industries. In spite of this, Hudaco has had a satisfactory first quarter and
the board believes that there is no reason, at this point in time, to change the
prospects for the 2003 financial year set out in the annual report dated 21
January 2003, namely that headline earnings per share will increase ahead of
inflation.
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