Eureka Industrial Limited -
Eureka Industrial Limited
(Company registration number: 1938/010958/06)
ISIN: ZAE000002523
Share Code: EUR
Johannesburg, 5 June 2003
Eureka Industrial limited, listed on the main board of the JSE under "Investment
Companies", announces that in order to maintain a conservative approach in asset
values, R13 million of a loan to MGX Holdings Limited has been written down. It
is difficult to ascertain whether this loan can be recovered within a reasonable
time period. This write down will have a significantly negative effect on the
results for the year ending 28 February 2003 which will be announced by no later
than Monday the 9th of June 2003. As a result, it is currently expected that the
Group"s profit for the
financial year ending will be below market expectations and may be
as much as a R5 loss per share.
For any inquiries, please contact: Ryan Price
Telephone: +2711 789-9991
Facsimile: +2711 886-1109
Email: ryan@price.name
Date: 05/06/2003 01:52:30 PM Supplied by www.sharenet.co.za
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