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MICROmega - Trading Statement

Release Date: 15/12/2004 17:05
Code(s): MMG
Wrap Text

MICROmega - Trading Statement MICROmega Holdings Limited (Registration number 1998/003821/06) (Incorporated in the Republic of South Africa) ISIN code: ZAE000034435 Share code: MMG ("MICROmega" or "the Company") TRADING STATEMENT In terms of the Listing Requirements of the JSE Securities Exchange South Africa ("JSE"), shareholders are advised that MICROmega expects that headline earnings per share for the year ended 31 December 2004 will be between 25% and 35% lower than that for the year ended 31 December 2003. The Group had headline earnings per share of 14.76 cents for the year ended 31 December 2003. The reason for the expected decrease in headline earnings per share is the result of the company embarking on the implementation of a transformation program and technology restructure within MICROmega Revenue Management Services. The once off impact cost of implementing these changes will be recovered through a significant reduction in monthly operating expenditure and accordingly enhance the future profitability from this business. The financial information on which this trading statement has been based has not been reviewed or reported on by the group"s auditors. 15 December 2004 Sponsor: LPC Manhattan Sponsors (Pty) Ltd Date: 15/12/2004 05:05:06 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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