Moneyweb - Trading Statement
MONEYWEB HOLDINGS LIMITED
(Registration No:1998/025067/06)
Share code:MNY ISIN:ZAE000025409
(`Moneyweb` or `the Company`)
TRADING STATEMENT
Moneyweb is currently finalising its results for the year ending 31 March 2005
(`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 period to be reported on will differ by at least 20%
or more from those of the previous corresponding period.
Shareholders are advised that Moneyweb will be reporting a headline loss of
approximately 3 cents per share for the reporting period compared to headline
earnings of 3.2 cents per share in respect of the prior comparative period,
being the year ended 31 March 2004.
The loss is attributable to costs incurred in changing certain media
partnerships and financial support to Radio Today, which have been fully
expensed in the period, and expenses arising from pursuit of since aborted
acquisitions. The Company`s restructuring was completed in February and is
trading profitably once again.
The attributable loss (after goodwill amortisation) will be approximately 21
cents per share compared to an attributable loss (after goodwill amortisation)
of 15.7 cents per share in the prior comparative period.
The results in respect of the reporting period have not been reviewed or
reported on by the Company`s auditors. They are expected to be finalised and
published on the Securities Exchange News Service on or about 30 June 2005.
Rosebank
22 March 2005
Sponsor
Grant Thornton Corporate Finance (Proprietary) Limited
Date: 22/03/2005 01:42:47 PM
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