Rex Trueform Clothing Company Limited - Trading Update
REX TRUEFORM CLOTHING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1937/009839/06)
(Share code: RTO ISIN: ZAE000006144)
(Share code: RTN ISIN: ZAE 000009700)
(Share code: RTOP ISIN: ZAE 000006151)
(`Rex Trueform` or `the Company`)
TRADING UPDATE
As a consequence of the major initiative to reduce stocks, the Company`s Board
of directors has decided to adopt a more conservative policy in regard stock
valuations.
Furthermore, the downsizing of the manufacturing operations, in the light of the
highly competitive conditions prevailing in the clothing and textile industry,
has resulted in a high level of redundancy payments at all levels in the
Company.
Accordingly, shareholders are advised that earnings for the year ended 30 June
2004 are expected to be between 60% and 65% lower than those achieved in the
prior comparative period.
The above information has not been reviewed or reported on by the Company`s
auditors. The audited results for the year ended 30 June 2004 are expected to be
published on or about 16 September 2004.
By order of the Board
Cape Town
9 September 2004
Investment bank & sponsor
Nedbank Capital
Date: 09/09/2004 04:52:04 PM
Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
