INSURE - REVIEW OF TRADING UPDATE AND REMOVAL OF C
INSURE - REVIEW OF TRADING UPDATE AND REMOVAL OF CAUTIONARY ANNOUNCEMENT
INSURANCE OUTSOURCING MANAGERS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013121/06)
("INSURE" or "the company")
JSE Code: INS ISIN Code: ZAE000033221
REVIEW OF TRADING UPDATE AND REMOVAL OF CAUTIONARY ANNOUNCEMENT
On 12 December 2003 INSURE directors provided shareholders with an update on
trading to 28 February 2004. As previously advised, gross collections,
operating profit and net profit before taxation are expected to be substantially
higher in relation to the comparative period in the prior year. (Substantially
being an increase in excess of 30% as defined in the revised JSE Listings
Requirements). The improvement in earnings is primarily attributable to a
substantial increase in all areas of the business, and more specifically,
premium financing, outsource collections, broker acquisition support and EpiC
premium collections.
Full details of the above will be provided when the company publishes its annual
results in April 2004.
The earnings estimate and trading update has since been reviewed by the
company"s auditors and their report is available for inspection at the
registered office of the company. Accordingly, the cautionary announcement
included in the announcement on 12 December 2003 is withdrawn.
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