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24 Dec 2010

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Sea Kay plummets on weak earnings

Reuters

Johannesburg - Shares in Sea Kay Holdings [JSE:SKY] fell 44% to 5 cents after the low-cost housing builder reported a full-year headline loss.

Sea Kay said headline losses per share for the full year to end June were 30.49c versus a gain of 5.05c a year ago.

Refinancing of some creditors and providing working capital remains a high priority, said the group.

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