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LEW - Lewis Group Limited - Trading update

Release Date: 22/10/2007 17:15
Code(s): LEW
Wrap Text

LEW - Lewis Group Limited - Trading update Lewis Group Limited (Registration Number 2004/009817/06) Share Code: LEW ISIN Code: ZAE000058236 ("Lewis" or the "Company") TRADING UPDATE In terms of the JSE Limited 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 than that of the previous corresponding period. Lewis is in the process of finalising its results for the six months ended 30 September 2007 and has decided to issue a voluntary trading update. Revenue for the six months ended 30 September 2007 is expected to be 11% higher when compared to the corresponding period. Operating profit margin is expected to be slightly higher than the 23.9% achieved in the corresponding period. Headline earnings per share are expected to be up between 9.5% and 11.5% and earnings per share between 11.5% and 13.5% up on the corresponding period. The debtors book remains in a satisfactory condition with no material deterioration in bad debt provisions. The Bad Debt provision reflects a 6% increase since 30 September 2006. Actual bad debts written off are at a similar level to September 2006. The above information has not been reviewed or reported on by the Company`s external auditors. The Company`s results for the six months ended 30 September 2007 are expected to be published on SENS on or about 12 November 2007. Cape Town 22 October 2007 Sponsor: UBS Date: 22/10/2007 17:15:01 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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