POY - Poynting Holdings Limited - Trading statement

POY - Poynting Holdings Limited - Trading statement                             
POYNTING HOLDINGS LIMITED                                                       
Incorporated in the Republic of South Africa                                    
(Registration number 1997/011142/06)                                            
Share code: POY    ISIN: ZAE000121299                                           
("Poynting" or "the company")                                                   
TRADING STATEMENT                                                               
In terms of the Listings Requirements of JSE Limited ("the Listings             
Requirements"), 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 the previous         
corresponding period.                                                           
Accordingly, a review of the financial results for the six months ended 31      
December 2009 by management has indicated that the earnings and headline        
earnings per share are expected to be between 2.41 cents and 2.62 cents         
compared to a loss per share of 1.01 cents and a headline loss per share of     
1.04 cents for the six months ended 31 December 2008.                           
The marked improvement in Poynting`s performance is due to a significant        
increase in orders received by Poynting`s Defence Division, at good margins.    
In addition, the Base Station Division, acquired in the prior financial year,   
produced better than expected revenues and profits. Falling exports resulted    
in lower sales in the Commercial Division however this has now stabilised and   
together with aggressive reductions in the company`s overhead expenses, losses  
incurred by the Commercial Division have been successfully curtailed.           
The financial information on which this trading statement is based has not been 
reviewed or reported on by Poynting`s auditors. Poynting`s interim financial    
results are expected to be released on SENS on or about 30 March 2010.          
Johannesburg                                                                    
27 January 2010                                                                 
Designated Adviser                                                              
Merchantec Capital                                                              
Date: 27/01/2010 12:49:01 Supplied by www.sharenet.co.za                     
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