Primedia - Trading Update
Primedia Limited
(Incorporated in the Republic of South Africa)
Registration number 1993/003355/06
Share code: PMA ISIN: ZAE000035119
Share code: PMN ISIN: ZAE000035127
(`Primedia` or `the Company`)
TRADING UPDATE
In terms of paragraph 3.4(b) of the JSE Listings Requirements, issuers are
required to publish a trading statement as soon as they are satisfied, with a
reasonable degree of certainty that the financial results for the period to be
reported on will differ by at least 20% from those of the previous corresponding
period. Primedia is expected to achieve very satisfactory results for the year
ended 30 June 2005. Headline earnings per share are expected to be between 35%
and 40% higher than last year due to the strong trading performance of the
Group`s operations.
Shareholders are also advised that the group will implement the revised
interpretation of `Accounting for Leases` recently announced by SAICA. Due to
the age profile of the group`s leases, this will have only a negligible effect
on headline earnings`
The financial information on which this trading statement is based has not been
reviewed or reported on by the Company`s auditors. The Group`s audited results
for the year ended 30 June 2005 will be released on or about 30 August 2005.
Johannesburg
11 August 2005
Sponsor:
Investec Bank Limited
Date: 11/08/2005 01:48:37 PM
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