KELGRAN LIMITED - FURTHER TRADING UPDATE AND CAUTI
KELGRAN LIMITED - FURTHER TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Kelgran Limited
(Incorporated in the Republic of South Africa)
(Registration number 1975/004595/06)
Share code: KLG ISIN: ZAE000038851
("Kelgran" or "the company")
FURTHER TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
FURTHER TRADING UPDATE
Shareholders were notified in an announcement dated 27 May 2003 that the
board of directors of Kelgran ("the board") expect to report an operating loss
for the financial year ending 30 June 2003. It has come to the attention of the
board that the company"s controlling shareholder, Mycom Berhard ("Mycom"), a
company listed on the Kuala Lumpur Stock Exchange ("the KLSE") is required in
terms of the Listings Requirements of the KLSE to publish quarterly results.
These results are not required to be audited but merely approved by the board of
directors of Mycom. Included in these results, Mycom has reported segmental
information, with one of those segments, "Granite quarry", relating solely to
Kelgran. As information relating to Kelgran is being released by its
controlling shareholder in an overseas market, Kelgran shareholders are required
to be notified of such information and in this regard shareholders are notified
of the following in respect of the current financial year-to-date, being the
nine months ended 31 March 2003:
Reported results
9 months ended for the 6 months ended
R"000 31 March 2003 31 December 2002
Revenue 275 787 211 862
(Loss)/Profit before taxation (13 943) 2 585
CAUTIONARY ANNOUNCEMENT
Shareholders were advised in an announcement dated 27 May 2003 that the
directors of Kelgran are in discussions, which may have a material impact on the
price at which Kelgran shares trade on the JSE Securities Exchange South Africa
("the JSE"). In addition, as the abovementioned results for the nine month
period ended 31 March 2003 are unaudited, shareholders are advised to exercise
caution when dealing in their shares on the JSE until the audited annual results
or reviewed provisional results have been released.
Johannesburg
24 June 2003
Sponsor
BRIDGE CAPITAL
Date: 24/06/2003 05:05:32 PM Supplied by www.sharenet.co.za
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