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PNC - Pinnacle - Trading Statement

Release Date: 12/02/2008 14:20
Code(s): PNC
Wrap Text

PNC - Pinnacle - 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 six months ended 31 December 2007, Pinnacle`s turnover increased by 33.7% to R974 372 (31 December 2006: R728 867), gross profit margins increased to 17.5% (31 December 2006: 15.6%) and operating profit margins increased to 7.3% (31 December 2006: 7.0%). Earnings per share is therefore projected to be between 34.0 and 35.0 cents per share, being between 53.8% and 58.4% higher than the results of the comparative period (31 December 2006: 22.1 cents per share). Headline earnings are expected to be between 34.0 and 35.0 cents per share, being between 51.1% and 55.6% higher than the results of the comparative period (31 December 2006: 22.5 cents). Fully diluted headline earnings per share is projected to be between 27.8 and 29.0 cents per share, being between 50.3% and 56.8% higher than the results of the comparative period (31 December 2006: 18.5 cents per share). The above information has not been reviewed or reported on by the company`s auditors. The company`s financial results for the 6 months ended 31 December 2007 are expected to be published on or about 19 February 2008. Midrand Tuesday, February 12, 2008 Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 12/02/2008 14:20:35 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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