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Pinnacle -- no change statement and AGM
The annual report, containing the audited financial statements for the company for the year ended 30 June 2008, has been dispatched to shareholders on Tuesday, 30 September 2008. There has been no change from the audited results for the year ended 30 June 2008, released on SENS on Thursday, 18 September 2008 and in the press on Friday, 19 September 2008. The annual report contains a notice of annual general meeting for the company, which will be held in the boardroom of the company at The Summit, 269 16th Street Randjiespark, Midrand on Friday, 31 October 2008 at 10:00.
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Pinnacle -- trading statement to 30 June 2008
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). The company’s financial results for the 12 months ended 30 June 2008 are expected to be published on or about 18 September 2008.
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