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LABAT AFRICA LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT

Release Date: 24/05/2004 16:43
Code(s): LAB
Wrap Text

LABAT AFRICA LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT Labat Africa Limited (Incorporated in the Republic of South Africa) (Registration number 1986/001616/06) JSE Share code: LAB ISIN: ZAE000018354 ("Labat" or "the company") TRADING STATEMENT Labat is currently finalising its results for the year ended 29 February 2004, which will be released before the end of May. In this regard, shareholders are advised that earnings will be substantially lower than the corresponding twelve-month reporting period of the previous year. This is largely attributable to the ongoing negative effect of the strong Rand and weakness in international markets. It is anticipated that international markets for our products will improve next year and this, together with new local opportunities, should see profits returning to prior levels in the year"s ahead. The above earnings information has not been reviewed or reported on by the company"s auditors. As a result, shareholders are advised to exercise caution when dealing in Labat shares until the results are published. 24 May 2004 Sponsor Brait Date: 24/05/2004 04:43:02 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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