Super Group update for the 3 months ended 31 December 2004
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
ISIN number: ZAE000011334
Share code: SPG
(`Super Group`)
Super Group update for the 3 months ended 31 December 2004
Super Group`s South African businesses and recently acquired FleetAustralia are
performing well and in line with expectations due to favourable trading
conditions experienced within their respective markets.
Trading conditions in the rest of the Southern African region have however
declined significantly during the period. Surplus transport capacity within the
region coupled with a substantial reduction in economic activity has resulted in
severe pressure on the transport rates. Trading margins continue to be
negatively impacted by the weak Rand/USD exchange rate as the costs are largely
Rand-based while revenue is primarily USD-denominated. In this trading
environment, Super Group`s cross-border businesses are likely to show lower
revenue and earnings for the year to 31 March 2005.
25 January 2005, Sandton, South Africa.
Sponsor: Deutsche Securities (SA) (Pty) Limited
Date: 25/01/2005 04:34:07 PM
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