Paracon - Trading update
Paracon Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1997/008181/06
ISIN: ZAE000025540
Share code: PCN
("Paracon")
Trading update
Shareholders are advised that Paracon"s headline earnings per share for the
second 6-month period ending 30 September 2003 will be similar to the headline
earnings per share reported on for the first six months ended 30 March 2003
rather than to analysts" expectations currently in the market. Whilst the
Resourcing division"s results have performed in line with expectations, the
Business Solutions division"s performance has been disappointing. Paracon
continues to generate cash on a monthly basis and has an extremely strong
balance sheet, with cash holdings currently in excess of R100 million.
The forecast headline earnings per share for the year ending 30 September 2003
has been reported on by Paracon"s auditors, Grant Thornton Kessel Feinstein.
This report is available for inspection at Paracon"s registered office.
Johannesburg
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