PAL
PAL
Pals - Trading Statement
PALS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002753/06)
Share Code: PAL & ISIN: ZAE000005237
("Pals") or ("the company")
UPDATED TRADING STATEMENT
Shareholders are referred to the trading statement dated 28 March 2006 in which
they were advised that the company expects to report a loss and headline loss
per share of 5.98 cents in its interim results. This was due to the fact that
the company had been unable to recognise an amount of R1, 355,000 for Duty
Credit Certificate ("DCC") claims as the extension of the Duty Credit
Certificate Scheme ("the Scheme") from April 2005 had not been signed by the
Department of Trade and Industry Minister Mpahlwa. During the minister"s budget
speech in parliament on 29 March 2006 he formally announced the extension of the
Scheme until March 2007.
Consequently the company can now recognise the DCC revenue and with the
adjustment, Pals expects to report earnings and headline earnings per share of
4.75 cents for the six months ended 31 December 2005.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company"s auditors. The unaudited interim results
for the six months ended 31 December 2005 are expected to be published on or
about 31 March 2006.
Cape Town
30 March 2006
Sponsor
Sasfin Capital
A division of Sasfin Bank Limited
Date: 30/03/2006 04:26:11 PM Produced by the JSE SENS Department
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