News/ Article



Monday, 6 June 2016
Incorporated in the Republic of South Africa
Registration No. 1924/002590/06)
   Share code: AFE
ISIN No: ZAE000000220
(“AECI” or “the Group” or “the Company”)


In compliance with the JSE Limited Listings Requirements (“the Listings Requirements”), shareholders are advised that for the half-year ending 30 June 2016 (“the period”) AECI’s headline earnings per share (“HEPS”) are expected to be at least 20% (113 cents) lower than the 565 cents achieved for the half-year ended 30 June 2015 (“the prior corresponding period”).  Earnings per share (“EPS”) are also expected to be at least 20% (118 cents) lower than the 588 cents of the prior corresponding period.

In the prior corresponding period the once-off bulk sale of the Group’s surplus property assets at Somerset West contributed 230 cents per share to HEPS and EPS.

In line with the Listings Requirements, a further trading statement will be issued as soon as there is a reasonable degree of certainty as to the likely range within which the Company’s HEPS and EPS for the period are expected to decrease from those of the prior corresponding period.

The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. The information provided does not contain, and should not be construed as containing, any forward-looking statements or projections of any nature for the period ending 30 June 2016.

AECI’s results for the period are expected to be released the Stock Exchange News Service on or about Tuesday, 26 July 2016.

Woodmead, Sandton
6 June 2016

Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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