FRONTRANGE LIMITED - TRADING STATEMENT
FRONTRANGE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/009928/06)
Share code: FRO ISIN: ZAE000035325
(`FrontRange`)
TRADING STATEMENT
As mentioned in FrontRange`s abridged results for the year ended 30 June 2004,
published on 17 August 2004, FrontRange has changed its year end from 30 June to
30 April. Following this, the interim period for the ten-month period to 30
April 2005 will be for the four months ended 31 October 2004.
The four months from July to October represent the weakest trading months of the
year, yet FrontRange grew its overall revenue by around 12% over the same period
in 2003. This is the first time in three years that FrontRange has reported top
line revenue growth compared with the same period in the prior year. Revenue
and operating profit for the quarter ended October were in line with budget and
exceeded that achieved in the quarter ended June 2004.
In light of the above, FrontRange expects to announce headline earnings and
earnings per share for the four months ended 31 October 2004 of between 0,25 and
0,30 US cents and between 0,19 and 0,22 US cents respectively. This compares
favourably with the equivalent period to 31 October 2003 when the company
generated a headline loss and loss per share of 1,21 US cents and 2,10 US cents
respectively.
The above information has not been reviewed or reported on by the company`s
auditors. The company`s interim results for the four months ended 31 October
2004 are expected to be published on Monday, 13 December 2004.
Johannesburg
25 November 2004
Sponsor
Nedbank Capital
Date: 25/11/2004 01:56:05 PM
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