Absolute - Trading update and renewal of cautionary announcement
ABSOLUTE HOLDINGS LIMITED
(Formerly Gilboa Properties Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
Share code: ABO ISIN No: ZAE000062998
(`Absolute` or `the company`)
TRADING UPDATE AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Trading Update
Management`s review of the financial results for the six months ended 31
December 2004 indicates that the period will show a profit after taxation in
excess of R3.9 million. This profit is largely attributable to the settlement
agreement entered into with the Industrial Development Corporation of South
Africa after year end as previously advised to shareholders, but is also
attributable to the fact that the group has started trading profitably. It is
accordingly estimated that earnings per share will be between 300% and 320%
higher as compared to the same period in the prior year. Headline earnings are
expected to move from a headline loss to a headline profit, showing an
improvement of between 100% and 130%. The information on which this trading
statement is based has not been reviewed or reported on by the company`s
auditors. The interim results announcement is expected to be published during
March 2005.
Renewal of Cautionary Announcement
Further to the cautionary announcement dated 31 December 2004, shareholders are
advised that the negotiations referred to therein are still in progress.
Shareholders should accordingly continue to exercise caution when dealing in the
company`s securities until a further announcement is made in this regard.
1 February 2005
Sponsor Company Secretary
Arcay Corporate Services Arcay Client Support (Pty) Ltd
Date: 01/02/2005 04:53:06 PM
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