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Pinnacle -- trading statement
Pinnacle's shareholders are informed that, for the six months ended 31 December 2007, Pinnacle's turnover increased by 33.7% to R974 372 (R728 867), gross profit margins increased to 17.5% (15.6%) and operating profit margins increased to 7.3% (7.0%). Earnings per share is therefore projected to be between 34.0cps and 35.0cps, being between 53.8% and 58.4% higher than the results of the comparative period (22.1cps). Headline earnings are expected to be between 34.0cps and 35.0cps, being between 51.1% and 55.6% higher than the results of the comparative period (22.5c). Fully diluted headline earnings per share is projected to be between 27.8 and 29.0cps, being between 50.3% and 56.8% higher than the results of the comparative period (18.5cps). 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.
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