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BEIGE HOLDINGS LIMITED - Trading Statement

Release Date: 08/08/2014 15:30
Code(s): BEG     PDF:  
Wrap Text
Trading Statement

BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
(“Beige” or “the company”)
ISIN Code: ZAE 000034161      Share code: BEG


TRADING STATEMENT IN RESPECT OF THE YEAR ENDED 30 JUNE 2014


In terms of the JSE Listings Requirements, listed companies are required to publish a trading
statement as soon as the board of directors is satisfied that a reasonable degree of certainty
exists that the financial results for the next reporting period will vary by more than 20% from
those of the previous corresponding reporting period or from a profit forecast or trading
statement previously provided to the market in relation to such period.

Shareholders are referred to the previous announcements advising that the actions taken by
the directors to address the losses incurred by the Company are yielding positive results. The
board is pleased to advise that this trend continued for the full second six month period ended
30 June 2014. As such, although the Group will still report a loss per share and headline loss
per share for the full year as a result of the losses incurred in the first six month period, the
directors are reasonably certain that the loss per share and headline loss per share will show an
improvement of at least 40% compared to the loss per share and headline loss per share for the
12 months ended 30 June 2013.

An updated trading statement confirming a more specific range for the expected loss per share
and headline loss per share will be issued in due course.

The financial information on which this trading statement is based has not been reviewed and
reported on by the company’s auditors.


8 August 2014

Designated Advisor
Arcay Moela Sponsors Proprietary Limited

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