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PNC - Pinnacle Technology Holdings Limited - Trading Statement

Release Date: 31/08/2007 15:00
Code(s): PNC
Wrap Text

PNC - Pinnacle Technology Holdings Limited - Trading Statement Pinnacle Technology Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1986/000334/06) Share code: PNC & ISIN: ZAE000022570 ("Pinnacle" or "the company") TRADING STATEMENT In terms of the JSE Limited`s ("JSE") Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different to that of the previous corresponding period. Pinnacle`s shareholders are informed that, for the twelve months ended 30 June 2007, Pinnacle`s turnover increased by 67% to R1 772 740 (2006: R1 060 793), operating expense ratio`s reduced to 9.1% of turnover (2006: 9.5%) and Ebitda margins increased to 6.5% (2006: 6.4%). Earnings per share will be between 48,5 and 51,5 cents per share, being between 60% and 70% higher than the results of the comparative period (30 June 2006: 30.3 cents). Headline earnings are expected to be between 49.3 and 52.4 cents per share, being between 60% and 70% higher than the results of the comparative period (30 June 2006: 30.8 cents). Fully diluted headline earnings per share are expected to be between 39.8 and 42.5 cents per share, being between 35% and 44% higher than the results of the comparative period (30 June 2006: 29.5 cents). The above information has not been reviewed or reported on by the company`s auditors. The company`s financial results for the 12 months ended 30 June 2007 are expected to be published on or about 21 September 2007. Midrand Thursday, August 30, 2007 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 31/08/2007 15:00:41 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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