Paracon Holdings Limited - Trading Update
Paracon Holdings Limited
Incorporated in the Republic of South Africa
(Registration Number 1997/008181/06)
Share code: PCN ISIN: ZAE000029674
(`Paracon` or `the company`)
TRADING UPDATE
In terms of the Listings Requirements of JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the
financial results for the period to be reported on will differ by more than 20%
from that of the previous corresponding period. Accordingly, a review of the
financial results for the year ending 30 September 2005 by management has
indicated that headline earnings per share is expected to be between 40% and 50%
higher than the previous year. The company is experiencing buoyant trading
conditions, specifically in the Paracon Resourcing division. In addition with
the adoption of AC140 in terms of which goodwill is no longer amortised, basic
earnings per share is expected to be between 120% and 130% higher than the
previous year.
The financial information on which this trading statement is based has not been
reviewed or reported on by Paracon`s auditors. Paracon`s annual financial
results are expected to be released on 14 November 2005.
By order of the Board
16 September 2005
Sponsor
Merchant Sponsors (Proprietary) Limited
Date: 16/09/2005 10:59:05 AM
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