TRADING STATEMENT
Labat is currently finalising its results for the six months ended
31 August 2003, which will be released before the end of November.
In this regard, shareholders are advised that earnings will be substantially
lower than the corresponding six-month reporting period of the previous year.
This is largely attributable to the ongoing negative effect of the strong Rand
and weakness in international markets. This decline is likely to effect
performance for the period and for the full year. It is anticipated that
international markets for our products will improve next year and this, together
with new local opportunities, should see profits returning to prior levels in
the year ahead.
The above earnings information has not been reviewed or reported on by the
company"s auditors. As a result, shareholders are advised to exercise caution
when dealing in Labat shares until the results are published.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
