MONEYWEB HOLDINGS LIMITED - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
MONEYWEB HOLDINGS LIMITED
(Registration No:1998/025067/06)
Share code:MNY
ISIN:ZAE000025409
("Moneyweb" or "the Company")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Moneyweb"s headline earnings for the six month
period ending 30 September 2003 will be substantially higher ("substantially"
being an increase of equal to or greater than 30% as defined in the revised JSE
Securities Exchange South Africa ("JSE") Listings Requirements ("JSE Listings
Requirements")) than that of the prior comparative period. The loss which
arises after goodwill amortisation and taxation will be materially lower
("materially" being a decrease of between 10% and 30% as defined in the JSE
Listings Requirements) than that of the prior comparative period.
The improvement in earnings is mainly attributable to increased revenues
generated through the two new platforms of e.TV and The Citizen as well as a
general improvement in conditions in the media sector.
The headline earnings and loss after goodwill amortisation for the six months to
30 September 2003 have not been reviewed and reported on by Moneyweb"s auditors,
and shareholders are accordingly advised to exercise caution when dealing in the
Company"s securities on the JSE until the interim results are published on or
about 3 November 2003.
Rosebank
3 September 2003
Sponsor
LPC Manhattan Sponsors
Date: 03/09/2003 09:09:39 AM Supplied by www.sharenet.co.za
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