Pick `n Pay - Trading statement
PICK `N PAY STORES LIMITED
(Incorporated in the Republic of South Africa)
(Reg. No: 1968/008034/06)
Share Code: PIK
ISIN: ZAE000005443
(`Pick `n Pay`)
Trading statement
In terms of the Listings Requirements of the JSE Securities Exchange South
Africa (`the JSE Listing Requirements`) a listed company is required to publish
a trading statement as soon as it becomes aware that the financial results for
the next period to be reported on will differ by at least 20% from the financial
results of the previous corresponding period.
For the six months ended 31 August 2004 Pick `n Pay is expecting an increase in
headline earnings per share over the corresponding period last year of less than
20%. However, as a result of a capital profit made on the sale of the Boardmans
division during the current period, which is excluded for headline earnings
calculation purposes, earnings per share is expected to increase by between 20%
and 40%.
The forecast has not been reviewed or reported on by Pick `n Pay`s auditors.
The release of the final announcement of results for the six months ended 31
August 2004 is expected to be published on 19 October 2004.
By order of the board
Cape Town
27 September 2004
Sponsor:
Investec Bank Limited
Date: 27/09/2004 02:39:14 PM
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