PRISM - TRADING STATEMENT
Prism Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/018949/06)
Share code: PIM
ISIN: ZAE000022257
(`Prism` or `the company`)
TRADING STATEMENT
In terms of the JSE Securities Exchange South Africa Listings Requirements,
listed companies are required to publish a trading statement as soon as a
reasonable degree of certainty exists that the financial results for the
reporting period to be reported upon next will differ by at least 20% from the
financial results for the previous corresponding period.
Approximately 60% of Prism`s revenues are denominated in United States Dollars
and, although the weighted average exchange rate for the six months to 31
December 2004 of R6.18 was 12% stronger than the weighted average rate for the
corresponding six-month period to 31 December 2003 (`the corresponding period`)
of R7.06, Prism expects that fully diluted headline earnings per share for the
six-month period to 31 December 2004 will be between 20% and 30% higher than
those reported for the corresponding period. This increase is primarily
attributable to higher sales volumes. The company`s forecast headline earnings
per share has not been reviewed and reported on by the company`s auditors.
It is anticipated that the interim results for the six months ending 31 December
2004 will be released on or about 1 February 2005.
Fourways
13 January 2005
Sponsor
Standard Bank
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