15 Mar 2011 10:22

 PRESS CORPORATION LIMITED
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TRADING UPDATE FOR THE YEAR ENDED 31ST DECEMBER 2010
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In compliance with the listing requirements of the Malawi Stock Exchange Limited (MSE), Press Corporation Limited is pleased to announce that as a result of recognising a gain on a deemed disposal of its investment in an associated company as required by the International Financial Reporting Standards (IFRS 3 - Business Combinations), Group profit after tax for the year ended 31st December 2010 will be significantly higher than the profit achieved in the year ended 31st December 2009.
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The information on which the above Trading Update is based has not been reviewed or reported on by the Group's auditors
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The annual audited financial statements of the Group will be published in the press in due course.
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C J EVANS
COMPANY SECRETARY