Kairos Industrial Holdings Limited - Trading State
Kairos Industrial Holdings Limited - Trading Statement
Kairos Industrial Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/002927/06)
Share code: KIR & ISIN: ZAE000011284
(`Kairos` or `the company`)
TRADING STATEMENT
This trading statement is issued in compliance with the Listings Requirements
(section 3.4(b)) of the JSE Limited.
Kairos expects its headline earnings per share for the six months ended 31
August 2005 to be between 40% and 60% lower, and its earnings per share for the
six months ended 31 August 2005 to be between 30% and 50% lower, than its
results for the prior corresponding six month period ended 31 August 2004.
The decrease in earnings is primarily as a result of an adjustment to estimated
production costs allocated to certain brick types. It is also attributable to a
write-down of non-saleable inventory at the Witbank Brickworks Division and an
increase in overheads relating to additional management capacity being created
to pursue future growth opportunities.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
The results for the six months ended 31 August 2005 are expected to be published
before the end of October 2005.
Pretoria
27 September 2005
Sponsor: Bridge Capital Services (Pty) Limited
Date: 28/09/2005 08:08:08 AM
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