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

PNC - Pinnacle Technology Holdings Limited - Updated Trading Statement

Release Date: 14/03/2011 11:33
Code(s): PNC
Wrap Text

PNC - Pinnacle Technology Holdings Limited - Updated 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") UPDATED TRADING STATEMENT In terms of the Listings Requirements of JSE Limited ("JSE"), 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 will be more than 20% different from that of the previous corresponding period. In addition to the guidance that was released on SENS on Wednesday, 9th February 2011 Pinnacle`s shareholders are informed that, for the six months ended 31 December 2010, Pinnacle`s turnover increased by 43% to R 2.1 billion (31 December 2009: R1.5 billion). Earnings per share is projected to be between 46.5 and 49.5 cents per share, being between 57% and 67% higher than the results of the comparative period (31 December 2009: 29.6 cents per share). Headline Earnings per share is projected to be between 46.4 and 49.5 cents per share, being between 35% and 44% higher than the results of the comparative period (31 December 2009: 34.3 cents per share). Net tangible asset value per share is projected to be between 281 cents per share and 291 cents per share being between 27.8% and 32.3% higher than the results of the comparative period (31 December 2009: 220.6 cents per share) The acid test ratio is expected to be 0.99 (31 December 2009: 1.09) and long term debt as percentage of equity 13.32% (31 December 2009: 5.24%) The above information has not been reviewed nor reported on by the company`s auditors. It is anticipated that the company`s financial results for the 6 months ended 31 December 2010 will be published on or about 18 March 2011. Midrand Monday, 14 March 2011 Sponsor Deloitte & Touche Sponsor Services (Pty) Limited Date: 14/03/2011 11:33:00 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