Sallies Limited - Trading update
SALLIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1903/001879/06)
JSE share code: SAL
ISIN: ZAE000022588
(`Sallies` or `the company`)
Trading update
Shareholders are advised that Sallies will benefit from renegotiated terms
related to the Honeywell contract. Shipments to Honeywell have recommenced. This
will result in the reversal of the provision for onerous contract raised at 31
December 2004. The company will also benefit from the recent weakening of the
Rand against the US Dollar with the result that the basic and headline undiluted
loss per share for the year to 30 June 2005 is now anticipated to decline by
between 10% and 30%.
The above forecast loss per share information has not been reviewed or reported
on by Sallies auditors. The results for the year ended 30 June 2005 are expected
to be released during mid September 2005.
Johannesburg
1 July 2005
Sponsor
(Ernst & Young Sponsors (Pty) Ltd)
(Registration number 2000/031843/07)
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