OCEANA GROUP LIMITED - TRADING STATEMENT
Oceana Group Limited
(Registration number. 1939/001730/06)
JSE Share Code: OCE
NSX Share Code: OCG
ISIN: ZAE000025284
(`Oceana` or `the Company`)
TRADING STATEMENT
Shareholders are advised that both earnings per share and headline earnings per
share for the six months ending 31 March 2005 are expected to be between 40% and
60% lower than the comparative figures for the six months ended 31 March 2004.
The expectation of reduced earnings is mainly as a result of the continued
strength of the Rand which affects the profitability of Oceana`s export
businesses, a lower contribution from the fish meal business and restructuring
of the Namibian hake operations.
Shareholders are also advised that this decrease does not necessarily give an
indication of earnings per share and headline earnings per share for the full
year to 30 September 2005. Factors such as fishing seasonality as well as the
fluctuation in exchange rates affect profitability.
This statement is issued in compliance with the revised Listings Requirements of
the JSE Securities Exchange South Africa, which became effective on 1 December
2004. The forecast financial information on which this Trading Statement is
based has not been reviewed and/or reported on by the Company`s auditors.
Cape Town
26 January 2005
Sponsor
Standard Bank
Date: 26/01/2005 09:21:18 AM
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