Frontrange Limited - Trading Update And Cautionary Announcement
Frontrange Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/009928/06)
Share code: FRO ISIN: ZAE000035325
("FrontRange")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
FrontRange shareholders are advised that it is expected that headline earnings
for the six months ended 31 December 2003 will be substantially (substantially
being in excess of 30% as defined in the JSE Securities Exchange Listings
Requirements) higher than that of the previous comparative period.
Headline earnings in the previous comparable period were only R167 000, so the
growth is coming off a low base. The expected increase is primarily
attributable to cost savings that have had a positive effect on operational
earnings.
Further details of the above will be provided when FrontRange"s results for the
six months ended 31 December 2003 are published on or about 17 February 2004.
As the headline earnings for the six months ended 31 December 2003 have not been
reviewed and reported on by FrontRange"s auditors, shareholders are advised to
exercise caution when dealing in FrontRange"s shares until the aforementioned
six months results are published.
Johannesburg
6 February 2004
Sponsor
Nedbank Corporate
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