Proper Group Limited - Trading Statement
PROPER GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/001940/06)
Share code: PRO ISIN: ZAE000027181
(`Proper` or `the company` or `the group`)
TRADING STATEMENT
Proper is expecting to report an unaudited consolidated attributable and
headline loss of between R100,000 and R300,000 for the interim six-month period
ending 28 February 2005, compared to attributable and headline losses in excess
of R4.3 million for the comparative six-month period ending 29 February 2004.
The smaller losses are attributable to the ongoing restructuring of the group.
Direct comparisons with the past, though, is of limited relevance as the future
of the group is entirely linked to the successful acquisition of Miranda
Minerals (Pty) Ltd and investment by a BEE consortium, as detailed in the
announcement of 16 March 2005.
The information in this trading statement has not been reviewed or reported on
by Proper`s auditors.
Pretoria
23 June 2005
Sponsor Corporate Advisor Restructuring Advisor
River Sponsors (Pty) Ltd Radagast Capital (Pty) Ltd Gandalf Trust
Date: 23/06/2005 11:08:28 AM
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