ATN ATNP
ATN
ATN / ATNP - Altron - 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 29 February 2008 is
expected to be between 20% to 25% higher as against the previous
corresponding period, whilst headline earnings per share for the year ended
29 February 2008 is expected to be between 30% to 35% higher as against the
previous corresponding period. Basic earnings per share is expected to
increase at a lower rate than headline earnings per share due to impairment
losses at one of the Altron group`s operations.
While each of Altron`s sub-holding companies produced better than expected
results, a key driver of the continued solid performance has been the
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 29 February
2008 are expected to be announced on or about 06 May 2008.
This trading statement has not been reviewed or reported on by Altron`s
external auditors.
By order of the board.
Johannesburg
03 April 2008
Sponsor
Investec Bank Limited
Date: 03/04/2008 10:29:51 Produced by the JSE SENS Department.
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