HERITAGE COLLECTION HOLDINGS LIMITED
PROFIT WARNING
Shareholders are advised that as a result of poor trading conditions in
South Africa and as a direct consequence of the extended postal strike,
sales for the first half of the 2001 financial year were materially below
budget. In addition further write-offs against the debtors' book and
further write-downs of stock will result in the earnings for the six-month
period ended 30 June 2001 being significantly below forecast.
The Directors are however confident that trading conditions and earnings
will improve in the second half of the year 2001.
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