To view the PDF file, sign up for a MySharenet subscription.

PNC - Pinnacle Technology Holdings - Trading Statement

Release Date: 04/09/2008 13:06
Code(s): PNC
Wrap Text

PNC - Pinnacle Technology Holdings - 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 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 2008, Pinnacle`s turnover increased by 45.5% to R2 496 300 000 (30 June 2007: R1 715 844 000), gross profit attained 15.2% (30 June 2007: 16.1%) and operating profit margins are expected to achieve 6.1% (30 June 2007: 6.3%). Earnings per share is therefore is projected to be between 68.3 and 71.3 cents per share, being between 33.4% and 39.3% higher than the results of the comparative period (30 June 2007: 51.2 cents per share). Headline earnings per share is expected to be between 69.4 and 72.4 cents per share, being between 34.5% and 40.3% higher than the results of the comparative period (30 June 2007: 51.6 cents per share). Fully diluted headline earnings per share is projected to be between 56.8 and 59.5 cents per share, being between 34.5% and 41.0% higher than the results of the comparative period (30 June 2008: 42.2 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 12 months ended 30 June 2008 are expected to be published on or about 18 September 2008. Midrand 4 September 2008 Sponsor Deloitte & Touche Sponsor Services (Pty) Limited Date: 04/09/2008 13:06:18 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.

Share This Story