Winecorp Limited - Trading Statement And Cautionary Announcement
Winecorp Limited
(Incorporated in the Republic of South Africa)
Registration number 1997/012032/06
Share code: WNE
ISIN: ZAE000027710
("Winecorp" or "the company")
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the expected results for the six months ending 31
January 2004 will be substantially lower than the comparative period in the
previous financial year due to the continued appreciation of the rand. From a
trading perspective sales volumes have increased materially over the same period
last year and the operational performance of the group in a currency neutral
environment, has improved considerably. However the strengthened rand has had a
strong negative impact on the results in what is largely an export market. The
word "substantially" is defined by the JSE Securities Exchange South Africa
("JSE") Listings Requirements as meaning a difference of equal to or more than
30% and "materially" means a difference between 10% and 30%.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company"s auditors and shareholders are therefore
advised to exercise caution in trading in their Winecorp shares until the
release of the interim results, which is expected during April 2004.
Stellenbosch
11 December 2003
Sponsor
SASFIN CORPORATE FINANCE
A division of Sasfin Bank Limited
Date: 11/12/2003 05:00:02 PM Produced by the JSE SENS Department
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