HAVING REVERSED the previous year’s loss and turning in a profit in the year ended April 2002, Kolosus reported in their audited financial statement that: ‘Traditional trading in the first quarter of the year is difficult and the new year will not be different. However, the group should perform, on an annual basis, better than in the past year.’ The group’s expectations are that they will do better in 2003 than in 2002.
We apologise for reporting that they expected weaker results.
