MGX HOLDINGS LIMITED - RECALCULATION OF HEADLINE LOSS PER SHARE
MGX HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
("MGX" or "the company")
Share code: MGX
ISIN: ZAE000009262
RECALCULATION OF HEADLINE LOSS PER SHARE
MGX published its reviewed group results for the year ended 30 June 2003 on
27 November 2003, and its audited annual financial statements were published on
18 December 2003.
There is no difference between the reviewed group results and the audited
financial statements, except for an adjustment to the headline loss per share on
account of a disclosure error, whereby the loss on disposal of property, plant
and equipment of R4.1 million was incorrectly disclosed as a profit of R4.1
million.
Headline loss per share has been recalculated resulting in a decrease of 12.4
cents per share from a loss of 396.2 cents to 383.8 cents per share. This
adjustment has neither a balance sheet nor an income statement effect.
The results have been audited by Messrs Deloitte & Touche whose audit report is
available for inspection at the company"s offices.
Sandton
19 December 2003
Sponsor
Standard Corporate & Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number: 1962
Date: 19/12/2003 11:48:02 AM Supplied by www.sharenet.co.za
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