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MAGNA PACIFIC (HOLDINGS) LIMITED 2001-01-18 ASX-SIGNAL-G

HOMEX - Brisbane

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On the 9th January 2001 Magna`s MPHOA options (expiring 30th May 2003) were successfully listed and approved for trading on the Frankfurter Wertpapierborse - the Frankfurt Stock Exchange. The listing code is 937120.

This will now allow European shareholders to trade MPH`s options (MPHOA) in parallel with the company`s shares already listed under code 901889 on the Frankfurt Stock Exchange. The Directors view this as a positive step and will enable the company to increase its shareholder base.

Magna`s securities MPH, MPHO, MPHOA, 901889 and 937120 may be viewed through its website http://www.magnapacific.com.au. This shows current prices which may be delayed up to 20 minutes on the Australian and German Stock Exchanges.

The Directors and Management are extremely pleased with the Christmas trading period for MPH`s subsidiaries. Both VHS and DVD sales exceeded expectations and the strong sales have continued into the New Year. As advised at our AGM on the 23rd November 2000, first half results were expected to show revenue up by $2.1m (57%) to $5.8m with a corresponding 20% lift in operating profit before abnormals and outside equity interests to $600,000. Preliminary results to the 31st December 2000 show total revenue will exceed $6m and operating profit before abnormals and outside equity interests will exceed $600,000.

For further information:

Allan Radley, MANAGING DIRECTOR
Ph: (07) 3267 1113
 
aus der Diskussion: MPH- jetzt wieder einsteigen?
Autor (Datum des Eintrages): jefferson-darcy  (18.01.01 14:16:48)
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