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Rainbow results for the 12 months ended 31 Mar 04

Rainbow reported revenue of R3.8bn (R3.7bn). Headline earnings increased by 24% to R227.5m (R183.4m) with diluted headline earnings per share improving by 21.1% to 80.8cents (66.7 cents). Net cash generated by operations amounted to R271.9m (R310.3m), resulting in an increase in the cash balance to R482.3m (R290.8m). Working capital requirements increased by R57.1m (reduction of

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Rainbow restatement of results

Shareholders are advised that the company is currently finalising its results for the year ended 31 March 2004, which will be released on SENS on or about 19 May 2004. Restatement of Comparative Figures in respect of Deferred Taxation In reviewing the current year deferred taxation liability, it was found that the liabilities raised in

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