DON
DON
The Don Group Limited - Trading Statement
The Don Group Limited
(Registration number 1946/023123/06)
Incorporated in the Republic of South Africa
Share code: DON ISIN: ZAE000008462
("Don" or "the company")
TRADING STATEMENT
Don is currently finalising its interim results for the six months ended 31
December 2005 ("the reporting period").
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Securities
Exchange South Africa, relating to Trading Statements, a listed company is
required to publish a trading statement as soon as it becomes aware that the
financial results for the next period to be reported on will differ by at least
20% or more from those of the prior comparative period.
Shareholders are advised that Don will be reporting a loss of between 1.28 and
1.32 cents per share and a headline loss of between 0.94 and 0.98 cents per
share for the reporting period, compared to earnings and headline earnings of
0.04 cents per share, in the prior comparative period, being the 6 months ended
31 December 2004.
The loss and headline loss in respect of the reporting period, has arisen, inter
alia, to:
- a non recurring tax charge of R1 million, which relates to a tax issue
which arose in 1995, compared to no tax provision in the prior comparative
period;
- an exceptional item of R1 million pertaining to the tax issue referred to
above; and
- an increased depreciation charge of R1.2 million due to the revaluation of
properties.
The results in respect of the reporting period are in the process of being
reviewed by the company"s auditors and are expected to be finalised and
published on the Securities Exchange News Service by no later than 31 March
2006.
Paulshof
24 March 2006
Sponsor
Grant Thornton Corporate Finance (Proprietary) Limited
Date: 24/03/2006 04:58:13 PM Produced by the JSE SENS Department
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