Pick `N Pay Stores Limited - Trading Statement
PICK `N PAY STORES LIMITED
(Incorporated in the Republic of South Africa)
(Reg. No: 1968/008034/06)
Share Code: PIK ISIN: ZAE000005443
(`Pick `n Pay`)
Trading statement
Shareholders are advised that for the year ended 28 February 2005, Pick `n Pay
is expecting an increase in headline earnings per share over the previous year
of between 18% and 22%. However, as a result of a capital profit made on the
sale of the Boardmans division during the year, which is excluded for headline
earnings calculation purposes, earnings per share is expected to increase by
between 20% and 30%.
The forecast has not been reviewed or reported on by Pick `n Pay`s auditors.
The release of the final announcement of results for the year ended 28 February
2005 is expected to be published on 19 April 2005
By order of the board
Cape Town
23 March 2005
Sponsor:
Investec Bank Limited
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