TRENCOR LIMITED/MOBILE INDUSTRIES LIMITED - IN RESPECT OF THE
SIX MONTHS ENDED 30 JUNE 2003
TRENCOR LIMITED
(Reg No 1955/002869/06)
("Trencor")
Share Code: ISIN:
TRE ZAE000007506
TED2 ZAE000007282
MOBILE INDUSTRIES LIMITED
(Reg No 1968/014997/06)
("Mobile")
Share Code:
MOB
MBN
MOBD
ISIN:
ZAE000004602
ZAE000012274
ZAE000004610
TRADING STATEMENT IN RESPECT OF THE SIX MONTHS ENDED 30 JUNE 2003
Holders of securities in Trencor and Mobile are advised that trading income from
Trencor"s core businesses for the half year to 30 June 2003 has been
satisfactory and is not significantly different from that achieved in the same
period last year, despite the negative impact of the stronger rand on the
translation of our mainly US dollar-based trading income.
The stronger rand has, however, again negatively impacted upon earnings in the
period as a result of the net effect of the translation of the long-term
receivables and the related provision, and the company"s dollar loans, from US
dollars into rand. Shareholders are reminded that currently, for every one cent
change in the value of the rand against the US dollar, the effect of these
translations on earnings per share is approximately one cent.
At 30 June 2003, the exchange rate stood at US$1 = R7,38 compared with R8,66 at
31 December 2002 and R10,36 at 30 June 2002.
ON BEHALF OF THE BOARDS
NI JOWELL CHAIRMAN TRENCOR LIMITED
C JOWELL CHAIRMAN MOBILE INDUSTRIES LIMITED
8 AUGUST 2003
REGISTERED OFFICE:
1313 MAIN TOWER
STANDARD BANK CENTRE
HEERENGRACHT
CAPE TOWN 8001
www.trencor.net
www.mobile-industries.net
Sponsor
HSBC
Date: 08/08/2003 04:18:30 PM Supplied by www.sharenet.co.za
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