POY - Poynting - Trading Statement

POY - Poynting - 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 either the previous         
corresponding period or from a profit forecast previously published covering    
the period to be reported on.                                                   
Accordingly, a review of the financial results for the year ended 30 June       
2009 by management has indicated that loss per share and headline loss per      
share of Poynting are expected to be between 3.7 cents and 8.1 cents.           
Higher than anticipated revenues in the Defense Division along with good        
revenues from the newly acquired Saab Grintek Defence (Proprietary) Limited     
business resulted in somewhat higher overall 2009 revenues than 2008.           
However, increased overheads and dramatically lower than budgeted revenues      
from the Commercial Division have resulted in a loss for the company for the    
2009 financial year. In the last six months of the 2009 financial year the      
overheads in the Commercial Division has been reduced by approximately 50% to   
ensure a return to profitability in this division. The Defence Division is      
continuing to provide solid growth and profitability with a strong order book   
for the 2010 financial year.                                                    
The financial information on which this trading statement is based has not      
been reviewed or reported on by Poynting`s auditors. Poynting`s year end        
financial results are expected to be released on SENS on or about 30            
September 2009.                                                                 
Johannesburg                                                                    
31 August 2009                                                                  
Designated Adviser                                                              
Merchantec (Proprietary) Limited                                                
Date: 31/08/2009 16:30:01 Supplied by www.sharenet.co.za                     
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