PCN
PCN
Paracon Holdings Limited - Trading update
Paracon Holdings Limited
Incorporated in the Republic of South Africa
(Registration Number 1997/008181/06)
Share code: PCN & ISIN: ZAE000029674
("Paracon" or "the Group")
Trading Update
In terms of the Listings Requirements of JSE Limited, companies are
required to publish a trading statement as soon as they become reasonably
certain that the financial results for the period to be reported on will
differ by more than 20% from that of the previous corresponding period.
Accordingly, a review of the financial results for the year ending 30
September 2006 by management has indicated that headline earnings per share
and earnings per share are expected to be between 30% and 40% higher than
the previous year.
Growth has been organic, driven by continued buoyancy in the market with
ongoing high client demand for skilled ICT resources. The acquisition of a
34,6% equity stake in India-based Nihilent Technologies Pvt Limited,
announced on 8 May 2006 in Paracon"s interim results, was completed during
September 2006 and therefore has not impacted on these Group results.
The financial information on which this trading statement is based has not
been reviewed or reported on by Paracon"s auditors. Paracon"s annual
financial results are expected to be released on 13 November 2006.
By order of the Board
27 September 2006
Sponsor
Merchant Sponsors (Proprietary) Limited
Date: 27/09/2006 09:56:03 AM Produced by the JSE SENS Department
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