MKX
MKX
MKX - Milkworx - Trading Update
MILKWORX LIMITED
(Previously Acuity Group Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/011074/06)
Share code: MKX & ISIN: ZAE000058020
("Milkworx" or "the company")
TRADING UPDATE
Shareholders of Milkworx are hereby advised that management has reviewed the
financial results for the 12 months ended 31 December 2006 and is expecting the
decrease in earnings and headline earnings to be lower in relation to the
comparative period up to 31 December 2005, but an improvement on results
released up to 30 June 2006.
Earnings and headline earnings are expected to be between R90 000 and R99 000,
compared to earnings reported up to 31 December 2005 of R 1,4 million and
headline earnings of R 1,31 million.
Earnings per share are accordingly expected to decrease from 0,25 cents per
share to between 0,019 and 0,021 cents per share. Headline earnings per share
decreased from 0,24 cents per share to between 0,019 and 0,021 cents per share.
The reason for the decrease in profits is mainly due to restructuring efforts of
the company, resulting in a temporary decrease in turnover as certain
unprofitable segments are in the process of being closed.
The board expects that final unaudited interim results will be published on or
before Wednesday the 2nd of March 2007.
The financial information in this trading update has not been audited or
reviewed by the company`s auditors.
Pretoria
28 February 2007
Designated Advisor
River Group
Date: 28/02/2007 09:36:25 Produced by the JSE SENS Department.
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