FARITEC HOLDINGS LIMITED - TRADING STATEMENT
Faritec Holdings Limited
(Registration number 1998/004872/06)
Share code: FRT
ISIN: ZAE000016838
(`Faritec` or `the company`)
TRADING STATEMENT
Management`s review of the financial results for the six months ended 31
December 2004, has indicated that there will be a profit for the period, as
opposed to the loss of R1.2 million for the corresponding six months ended 31
December 2003.
As a result of this, there has been a significant improvement in headline
earnings per share and earnings per share, as well as cash on hand, for the six
months ended 31 December 2004.
Management attributes this to improved trading margins, and on-going control of
operating expenses. The transformation of the Faritec business is proceeding
well, according to plan.
The financial information on which this trading statement has been based has not
been reviewed or reported on by the company`s auditors.
Faritec`s unaudited half-year results will be published on or about 15 February
2005.
Woodmead
26 January 2005
Sponsor
Java Capital (Pty) Ltd
Date: 26/01/2005 09:54:20 AM
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