Sekunjalo Investments Limited - Trading statement
Sekunjalo Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share code: SKJ ISIN: ZAE000017893
(`Sekunjalo` or `the Company`)
TRADING STATEMENT
In terms of the JSE Securities Exchange South Africa Listings Requirements,
companies are required to publish a trading statement as soon as they are
reasonably certain that the financial results for the current reporting period
will be more than 20% different than that of the prior comparative period.
In light of the above, Sekunjalo expects to announce a loss per share of between
5 and 6 cents and a headline loss per share of between 5.46 and 6.5 cents for
the six months ended 28 February 2005.
This lower than expected performance is as a result of the continued
strengthening of the rand and the pelagic season starting four months later than
usual with continued fixed costs being incurred since the prior comparative
period. The rand strengthening together with the inherent cyclical nature of the
fishing and healthcare industries has affected profitability.
Notwithstanding the above, shareholders are advised that the results for the six
months ended 28 February 2005 are not indicative of earnings for the full year
ending 31 August 2005.
It is expected that performance for the 2005 financial year will be improved in
comparison to that of the prior comparative period. This will be as a result of
the income of the newly acquired business as well as the upside of the fishing
and healthcare industries coming into effect in the latter six months of the
financial year.
Shareholders are advised that the above information has not been reviewed or
reported on by the Company`s auditors and the Company`s results for the six
months ended 28 February 2005 are expected to be published on 30 May 2005.
Cape Town
25 May 2005
Sponsor
Nedbank Capital
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