TRADEHOLD LIMITED - PRE CLOSED SEASON TRADING STATEMENT
TRADEHOLD LIMITED
(Incorporated in the Republic of South Africa)
(Reg. No. 1970/009054/06)
JSE code: TDH
ISIN: ZAE000026902
Shareholders" attention is drawn to a statement issued by Tradehold"s
subsidiary, Brown & Jackson plc, on 26 February 2004 and which appears below.
BROWN & JACKSON PLC
Pre Closed Season Trading Statement
This pre-closed season trading statement is in respect of the year ending 28
February 2004.
As previously announced, it is unlikely that Brown & Jackson will make a profit
this year.
Total group sales in the seven weeks from 4 January are up 6.7% compared to the
same period last year. Like-for-like sales for the same period improved with
Instore up 28.3% and the rest of the estate up 4.9%. Our achieved margin is
comfortably ahead of last year.
The seven pilot Instore outlets are trading ahead of expectations. Brown &
Jackson anticipates converting a further 50 to 60 stores to Instore during the
new financial year as part of its three-year plan.
Angus Monro, chief executive of Brown & Jackson said: "It has been a difficult
second half to our financial year. However, we are recovering well and,
encouragingly, Instore continues to perform ahead of expectations. We will
continue to push ahead with operational improvements to the group and we look
forward to a better 2004/5."
A preliminary announcement of the results for the 53 weeks ended 28 February
2004 will be made on or about 22 April 2004.
For and on behalf of the Board
Dr C H Wiese
Chairman
Johannesburg
26 February 2004
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 26/02/2004 12:57:10 PM Produced by the JSE SENS Department
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