Idion Technology Holdings Limited - Trading Statement
IDION Technology Holdings Limited
(`IDION` or `The Group`)
(Incorporated in the Republic of South Africa)
(Registration number 1998/013846/06)
ISIN: ZAE000022513
Share code: IDI
(`IDION` or `The Group`)
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Securities Exchange of South
Africa (`JSE Listing Requirements`) a listed company is required to publish a
trading statement as soon as it becomes apparent that the financial results for
the next period to be reported on are expected, with a reasonable degree of
certainty, to differ by at least 20% from those of the previous corresponding
period.
In compliance with the JSE Listings Requirements, IDION`s shareholders are
advised that the Group`s headline loss per share for the period ended 30 June
2005 is expected to be between 1 US cent and 1,2 US cent compared to the Group`s
headline earnings of 0,3 US cent in the comparative period in 2004. The Group`s
loss per share for the period ended 30 June 2005 is expected to be between 1 US
cent and 1,2 US cent compared to the Group`s loss per share of 0,7 US cent in
the comparative period in 2004.
The Group`s first half results reflect the historical revenue seasonality where
the majority of the Group`s revenue is recorded during the second half of the
year. The decline in earnings from a comparative perspective is a direct result
of several planned strategic investment initiatives taken during the first half
of the year, as previously communicated to the market in the Company`s annual
report released during March 2005. These investment initiatives were primarily
focused on increased sales and marketing and accelerated new product development
activities. These investments are expected to enhance the Group`s future
strategic position as a leader in the IBM eServer high availability market.
The information contained herein has not been reviewed and reported on by
IDION`s auditors. Further details will be provided when IDION`s results for the
six months ended 30 June 2005 are released on or about 24 August 2005.
5 August 2005
Sponsor:
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 05/08/2005 02:46:30 PM
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