Pals - Trading Statement
PALS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002753/06)
Share Code: PAL & ISIN: ZAE000005237
(`Pals` or `the company`)
TRADING STATEMENT
Shareholders are advised that the headline earnings and earnings per share of
Pals for the year ended 30 June 2005 will be between 110 and 130% higher than
that for the previous comparable period, as the company returned to
profitability after making a loss for the year ending 30 June 2004. This
turnaround is mainly due to the company`s continued re-focus from export to the
local market as well as re-estimating the useful life of its property, plant and
equipment, which resulted in a decrease in the current year depreciation charge.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors. The audited financial results
of Pals are expected to be published on or about 27 September 2005.
Cape Town
15 September 2005
Sponsor
SASFIN CORPORATE FINANCE
A Division of Sasfin Bank Limited
Date: 16/09/2005 09:30:19 AM
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