Pals Holdings Limited - Trading Statement
PALS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002753/06)
Share Code: PAL ISIN: ZAE000005237
(`Pals` or `the company`)
TRADING STATEMENT
Shareholders are advised that the headline earnings and earnings of Pals for the
six month period ending 31 December 2004 are expected to be between 100% and
120% higher than that for the previous comparable period, as the company
returned to profitability after making a loss in the six month period ending 31
December 2003. This is mainly due to the company changing its market focus from
exports to the local market. With the rand strengthening against the major
currencies some of the export business was not economically viable and efforts
were directed onto local customers. In addition the production output has
increased which has impacted positively on the efficiency of the factory
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors. The interim results of Pals
are expected to be published on or about 14 March 2005.
Cape Town
23 February 2005
Sponsor
SASFIN CORPORATE FINANCE
A Division of Sasfin Bank Limited
Date: 23/02/2005 10:22:05 AM
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