TPC
TPC
Transpaco Limited - Trading Statement
Transpaco Limited
(Incorporated in the Republic of South Africa)
(Reg No 1951/000799/06)
JSE Share Code: TPC
ISIN: ZAE000007480
TRADING STATEMENT
Earnings and headline earnings per share for the half year ended 31 December
2005 are expected to be between 25 % to 30 % and 20% to 25 % lower
respectively compared with the previous corresponding period. The greater
decline in earnings per share than in headline earnings per share is due to the
discontinuation of two divisions which resulted in nonrecurring losses. All
other divisions operated profitably.
The decline in earnings is attributed inter alia to:
- high raw material prices resulting from the high oil prices and the import
parity pricing policy of suppliers;
- low cost import replacement in Transpaco"s markets.
The above two factors adversely affecting both sales volumes and gross profit
margins.
Cash flow for the period remained strong.
It is expected that the interim results for the six months ended 31 December
2005 will be released on or about 24 February 2006.
The information contained in this trading statement has not been reviewed and
reported on by Transpaco"s auditors.
Johannesburg
24 January 2006
Sponsor: Investec Bank Limited
Date: 24/01/2006 04:08:21 PM Produced by the JSE SENS Department
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