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Lewis Group Limited - Trading update

Release Date: 28/04/2005 10:48
Code(s): LEW
Wrap Text

Lewis Group Limited - Trading update Lewis Group Limited (Formerly Rowmoor Investments 505 (Proprietary) Limited) (Incorporated in the Republic of South Africa) (Registration number: 2004/009817/06) JSE share code: LEW ISIN: ZAE000058236 ("Lewis" or the "Company") Trading Statement In terms of the Listings Requirements of the JSE Securities Exchange South Africa, 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 next will be more than 20% different from that of the previous corresponding period. Lewis advises that both its earnings and headline earnings per share for the for the year ended 31 March 2005 are expected to be between 38% and 46% higher than those reported for the previous corresponding period"s earnings and headline earnings per share of R 2.87 and R 2.88 respectively. Earnings have benefited from strong volume growth in both furniture and electrical sectors, a further improvement in the quality of the debtors book and a reduction in finance costs as a result of the restructuring of the Lewis balance sheet. The Lewis Group will announce its year end results on Monday 16 May 2005. The above information has not been reviewed or reported on by the Company"s auditors. Cape Town 28 April 2005 SPONSOR UBS South Africa (Pty) Ltd Date: 28/04/2005 10:48:12 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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