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Further trading statement
BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
(“Beige” or “the company”)
ISIN Code: ZAE 000034161 Share code: BEG
TRADING UPDATE
Shareholders are referred to the trading statement published on 8 August 2014 advising of an
expected improvement in the loss and headline loss per share of at least 40% compared to the
prior comparative period. At the time of the release of the trading statement, the directors
were reasonably certain of the expected improvement based on the positive results achieved in
the second six month period with the company generating both an operating profit and positive
earnings before interest and depreciation.
Shareholders are advised that as a result of an impairment charge of R15.5 million and the
reversal of certain deferred tax assets, the expected improvement in the loss per share position
has been revised down to 15%. The Company now expects to report a loss per share of (5.45)
cents compared to the loss per share of (6.42) cents for the year ended 30 June 2013.
The headline loss per share will increase by 11.1% from (3.99) cents for the year ended 30 June
2013 to (4.43) cents per share for the year ended 30 June 2014.
Numerous changes have been implemented throughout the Group in order to address the
losses incurred in the first six month period and these changes yielded positive results in the
second six month period ended 30 June 2014. Further key strategic initiatives are being
implemented to position the company for profitable growth and these will be detailed in the
results announcement. The accounting function has also been centralised under the guidance
of the new financial director, who was appointed in December 2013.
The financial information on which this trading statement is based has not been reviewed and
reported on by the company’s auditors.
The company will release its results for the year ended 30 June 2014 on SENS on 31 October
2014.
30 October 2014
Designated Advisor
Arbor Capital Sponsors Proprietary Limited
Date: 31/10/2014 09:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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