The Don Group Limited - Trading Statement
The Don Group Limited
(Registration number 1946/023123/06)
Incorporated in the Republic of South Africa
Share code: DON ISIN: ZAE000008462
(`Don` or `the company`)
TRADING STATEMENT
Don is currently finalising its interim results for the six months ended 31
December 2004 (`the reporting period`).
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Securities
Exchange South Africa, relating to Trading Statements, a listed company is
required to publish a trading statement as soon as it becomes aware that the
financial results for the next period to be reported on will differ by at least
20% or more from those of the previous corresponding period.
Shareholders are advised that Don will be reporting earnings and headline
earnings for the reporting period which will be in the range of 0.02 and 0.06
cents per share, compared to a loss and headline loss of R(505 000), equivalent
to (0.17) cents per share, in the prior comparative period, being the 6 months
ended 31 December 2003.
This improvement should be seen in relation to a loss of R(4.1) million ((1.39)
cents per share) and a headline loss of R(3.4) million ((1.14) cents per share)
respectively, in respect of the year ended 30 June 2004.
The turnaround is attributable, inter alia, to:
- a marginal increase in revenue;
- tighter control of expenses;
- improved efficiency through in-depth training; and
- expanded guest facilities that includes restaurants.
The results in respect of the reporting period are in the process of being
reviewed by the company`s auditors and are expected to be finalised and
published on the Securities Exchange News Service by no later than 18 March
2005.
Paulshof
9 March 2005
Sponsor
Grant Thornton Corporate Finance (Proprietary) Limited
Date: 09/03/2005 02:39:02 PM
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