| Tue 25 Sep 2007, 9:45 | | ATN / ATNP - Altron - Trading Statement and Renewa |
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ATN ATNP
ATN
ATN / ATNP - Altron - Trading Statement and Renewal of Cautionary Announcement
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 and Renewal of Cautionary Announcement
Shareholders are advised that a reasonable degree of certainty exists that
Altron`s headline earnings per share for the half year ended 31 August 2007 is
expected to be between 35% and 40% higher as against the previous corresponding
period.
Altron`s expected increase in headline earnings per share is primarily driven by
Powertech`s strong performance in the first six months of the current financial
year, with their headline earnings expected to be between 60% and 65% higher, as
against the previous corresponding period. Altech and Bytes have also achieved
solid growth during the past six months with their headline earnings per share,
assumed by Altron, to each be between 8% and 13% higher as against the previous
corresponding period.
Furthermore, Altron`s basic earnings per share for the half year ended 31 August
2007 is expected to be between 26% and 31% higher as against the previous
corresponding period, lower than the headline earnings per share growth, due to
the impact of impairment losses at one of the Altron group operations.
Altron`s interim financial results for the financial half year ended 31 August
2007 are expected to be announced on or about 9 October 2007.
This trading statement has not been reviewed or reported on by Altron`s external
auditors.
Further to the cautionary announcement dated 8 August 2007, shareholders are
advised that Altron is still engaged in preliminary discussions which, should
they materialise, may have a material effect on the price of the company`s
securities. Accordingly, shareholders are advised to continue exercising
caution when dealing in Altron`s securities until a full announcement is made.
By order of the board.
Johannesburg
25 September 2007
Sponsor
Investec Bank Limited
Date: 25/09/2007 09:45:03 Produced by the JSE SENS Department.
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