MICROmega - Trading Statement
MICROmega Holdings Limited
(Registration number 1998/003821/06)
(Incorporated in the Republic of South Africa)
ISIN code: ZAE000034435 Share code: MMG
(`MICROmega` or `the Company`)
TRADING STATEMENT
In terms of the Listing Requirements of the JSE Securities Exchange South Africa
(`JSE`), shareholders are advised that MICROmega expects that headline earnings
per share for the year ended 31 December 2004 will be between 25% and 35% lower
than that for the year ended 31 December 2003.
The Group had headline earnings per share of 14.76 cents for the year ended 31
December 2003.
The reason for the expected decrease in headline earnings per share is the
result of the company embarking on the implementation of a transformation
program and technology restructure within MICROmega Revenue Management Services.
The once off impact cost of implementing these changes will be recovered through
a significant reduction in monthly operating expenditure and accordingly enhance
the future profitability from this business.
The financial information on which this trading statement has been based has not
been reviewed or reported on by the group`s auditors.
15 December 2004
Sponsor: LPC Manhattan Sponsors (Pty) Ltd
Date: 15/12/2004 05:05:06 PM
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