SNG
SNG
Synergy Holdings Limited - Trading Statement
Synergy Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 1995/006315/06
Share code: SNG & ISIN: ZAE000017760
("Synergy" or "the Company" or "the Group")
TRADING STATEMENT
Shareholders are referred to the release of the Company"s abridged
consolidated financial results for the 12 months ended 28 February 2006,
dated 1 June 2006, and to the transaction update announcement released on
SENS on 1 August 2006.
As a consequence of the "historic accounting and company secretarial
matters" referred to in the latter announcement, the company"s audited
financial results for the 12 months ended 28 February 2006 have been
restated. The company expects the restatement to affect the published
financial results for the February 2006 financial year as follows:
Previously published Restated % Change
Loss (cents per share - "cps") -1.34 -1.15 -14%
Headline loss (cps) -4.01 -1.23 -69%
Net asset value (cps) 7.70 7.88 +2%
Net tangible asset value (cps) 7.70 7.88 +2%
Shareholders are reminded that, due to the proposed acquisition of SDT
Financial Software Solutions (Pty) Ltd, the historical results for the year
ended 28 February 2006 are not comparable with the pro-forma results of the
restructured group following the acquisition. The company expects the
restated February 2006 financial results to be published before the end of
August 2006.
The financial information in this announcement is still subject to final
sign-off by the company"s auditors.
Pretoria
7 August 2006
Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 07/08/2006 02:29:03 PM Produced by the JSE SENS Department
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