FrontRange - Trading Statement
FRONTRANGE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/009928/06)
Share code: FRO ISIN: ZAE000035325
(`FrontRange`)
TRADING STATEMENT
As advised in recent previous announcements, FrontRange has changed its year end
from 30 June to 30 April. Accordingly, FrontRange`s next set of released
results will be for the ten months ended 30 April 2005.
FrontRange is pleased to report that it grew its licence and total revenue
sequentially each full fiscal quarter for the fiscal year just ended. The
results for the April quarter represent the sixth consecutive quarter it has
achieved this goal.
The April quarter was characterised by continued solid sales in the established
HEAT and GoldMine product lines. FrontRange also closed some significant deals
in its new IT Service Management solution, which was released at the end of
January.
In light of the above, FrontRange expects headline earnings per share for the
ten months ended 30 April 2005 to exceed the comparative period for the ten
months ended 30 April 2004 by between 95% and 115%.
Earnings per share for the ten months are expected to be between 4.4 and 4.8 US
cents, which compares favourably with the equivalent period to 30 April 2004
when the company generated earnings per share of 0.4 US cents.
The above information has not been reviewed or reported on by the company`s
auditors. The company`s results for the ten months ended 30 April 2005 are
expected to be published on or about Tuesday, 21 June 2005.
Johannesburg
3 June 2005
Sponsor
Nedbank Capital
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