Trencor/ Mobile - Trading Statement
TRENCOR LIMITED MOBILE INDUSTRIES LIMITED
(Reg No 1955/002869/06) (Reg No 1968/014997/06)
(`Trencor` or `the company`) (`Mobile` or `the company`)
Share Code: ISIN: Share Code: ISIN:
TRE ZAE000007506 MOB ZAE000004602
TED2 ZAE000007282 MBN ZAE000012274
MOBD ZAE000004610
TRADING STATEMENT
Holders of securities in Trencor and Mobile are advised that Trencor expects to
report undiluted headline earnings of between 165 and 175 SA cents per share for
the six months to 30 June 2005 compared to 10 SA cents per share for the same
period in 2004. This improvement arises mainly for the reasons set out below.
Expressed in US currency, earnings are expected to increase from 4,4 US cents
per share in 2004 to between 14 and 16 US cents for 2005.
Trading income after net interest expense continues to show pleasing improvement
in dollar terms. In rand terms, trading income has grown at a slower rate due to
the effect of the firmer average exchange rate on the conversion of income from
Trencor`s mainly US dollar-based operations (average rates applied: June 2005 -
US$1 = R6,23; June 2004 - US$1 = R6,60).
The effect of unrealised exchange differences for the six months to 30 June 2005
was an increase in earnings of approximately 118 SA cents per share compared to
a reduction of 34 SA cents for the six months to June 2004. The spot US$/R
exchange rate weakened from R5,61 at 31 December 2004 to US$1 = R6,65 at 30 June
2005.
This financial information has not been reviewed or reported on by the company`s
auditors. The unaudited interim results in respect of the six months ended
30 June 2005 are expected to be published on or about 22 August 2005.
ON BEHALF OF THE BOARDS
NI JOWELL CHAIRMAN TRENCOR LIMITED
C JOWELL CHAIRMAN MOBILE INDUSTRIES LIMITED
5 AUGUST 2005
www.trencor.net
www.mobile-industries.net
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/08/2005 03:40:05 PM
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