Putco Limited - Trading Statement And Cautionary Announcement
PUTCO LIMITED
INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1945/018672/06)
SHARE CODE: PTC
ISIN: ZAE000005716
(`PUTCO` OR `THE COMPANY`)
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Putco`s earnings for the year ended 30 June 2004
are expected to be between 25% and 35% higher than those reported in respect of
the previous financial year whilst Putco`s headline earnings will be between 5%
and 15% higher than the prior year.
The increase is largely attributable to the present positive impact of the
stronger Rand on, inter alia, the underlying fuel and spares prices,
efficiencies emanating from the introduction of new buses, the lower interest
rate environment and the reduction of overhead expenses all of which have
resulted in additional cost benefits accruing to the company.
Future group results will predominantly be affected by movements in the exchange
and interest rates, the resultant price of diesel fuel and our success in
empowering the company.
Shareholders are advised that the financial information is still in the process
of being reviewed by the company`s auditors and are accordingly advised to
exercise caution when dealing in the company`s securities until the release of
the final results for the financial year ended 30 June 2004 which will be
published by no later than 30 September 2004.
Sandton
10 September 2004
Sponsor: Ernst & Young Sponsors (Proprietary) Limited
Date: 10/09/2004 01:20:02 PM Produced by the JSE SENS Department
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