ATN ATNP
ATN
ATN/ ATNP - Allied Electronics Corporation Limited - Trading Statement
Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code : ATN ISIN: ZAE000029658
Share Code : ATNP ISIN: ZAE000029666
("Altron" or "the company")
Trading Statement
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed
company is required to publish a trading statement as soon as it is satisfied
that a reasonable degree of certainty exists that the financial results for the
period to be reported upon next will differ by at least 20% from those of the
previous corresponding period.
Shareholders are advised that a reasonable degree of certainty exists that the
company`s basic earnings per share for the year ended 28 February 2007 is
expected to be between 60% to 70% higher as against the previous corresponding
period, whilst headline earnings per share for the year ended 28 February 2007
is expected to be between 45% to 55% higher as against the previous
corresponding period.
While Altech and BTG produced results in line with expectations, the key driver
of the improved performance has been the continued significant demand for our
infrastructure related products offered through our 100% owned subsidiary,
Powertech. This demand has been driven by requirements from regional government
and parastatals as well as the demand for industrial and commercial development
in the building and construction sector.
Altron`s annual financial results for the financial year ended 28 February 2007
are expected to be announced on or about 8 May 2007.
This trading statement has not been reviewed or reported on by Altron`s external
auditors.
By order of the board.
Johannesburg
10 April 2007
Sponsor
Investec Bank Limited
Date: 10/04/2007 17:10:22 Produced by the JSE SENS Department.
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