Faritec Holdings Limited - Trading Statement For T
Faritec Holdings Limited - Trading Statement For The Half Year Ended 31 December
2005
Faritec Holdings Limited
(Registration number 1998/004872/06)
Share code: FRT
ISIN: ZAE000016838
("Faritec" or "the company")
TRADING STATEMENT FOR THE HALF YEAR ENDED 31 DECEMBER 2005
In terms of the Listings Requirements of the JSE Limited ("JSE Listings
Requirements"), companies are required to publish a trading statement as soon as
they become aware that the financial results for the period to be reported upon
next will differ by at least 20% from the financial results for the previous
corresponding period.
Faritec accordingly advises that management"s review of the financial results
expected for the half year ended 31 December 2005 has indicated that net profit
is expected to be between 20% and 30% higher than the previous year. As a
result, there will be an improvement in headline earnings per share to between
4.0 and 4.5 cents and an improvement in basic earnings per share to between 3.5
and 4.0 cents.
Management attributes this to improved trading margins and ongoing control of
operating expenses. The new strategy, transformation and investments made, have
started to show the expected returns.
The financial results on which this trading statement has been based have not
been reviewed or reported on by the company"s auditors. The financial results of
the company will be published on or about 21 February 2006.
Rosebank
14 December 2005
Sponsor
Java Capital (Proprietary) Limited
Date: 14/12/2005 04:59:04 PM Produced by the JSE SENS Department
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