SYNERGY - TRADING UPDATE AND CAUTIONARY ANNOUNCEME
SYNERGY - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
SYNERGY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/006315/06)
Share code: SNG ISIN: ZAE000017760
("Synergy" or "the company")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Following a review of the interim results by the Company"s auditors,
shareholders are advised that Synergy"s headline earnings for the six-month
period ended 31 August 2003 will be substantially higher ("substantially" being
an increase of equal to or greater than 30% as defined in the JSE Securities
Exchange South Africa ("JSE") Listings Requirements), when compared to the prior
comparative period.
The improved results are attributable to:
* Synergy was working off a low base in the comparative period;
* cost containment in the current year, resulting in increased
margins;
* more efficient utilisation of consultants in 2003; and
* growth in the business in general.
Synergy"s auditors are presently finalising their review the Company"s results
for the six months to 31 August 2003. 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 14 October 2003.
Johannesburg
30 September 2003
Sponsor
ACCPAC Business Partner
Date: 30/09/2003 05:05:02 PM Produced by the JSE SENS Department
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