ABK - African Brick Centre Limited - Trading Updat
ABK
ABK
ABK - African Brick Centre Limited - Trading Update
AFRICAN BRICK CENTRE LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1999/006214/06)
Share code: ABK & ISIN: ZAE000105169
("African Brick Centre" or "the company")
Trading Update
Further to the Trading Update published on SENS on 25 February 2008 ("the
previous Trading Update"), shareholders are informed that earnings
attributable to shareholders and earnings per share ("EPS") and headline
earnings per share ("HEPS") for the financial year ended 29 February 2008 will
be less than contemplated in the previous Trading Update, as follows:
1. total earnings attributable to shareholders for the financial year ended
29 February 2008 is expected to be between 65% and 70 % of the forecast
attributable earnings as per the company`s prospectus published on 2
October 2007 ("the prospectus"). However, it is expected that earnings
will be between 30% and 35 % higher than the aggregated earnings for the
previous financial year;
2. EPS and HEPS for the financial year ended 29 February 2008 will be
between 90% and 95% of the forecast headline earnings per share as per
the prospectus.
The different percentage performance levels in respect of attributable
earnings and EPS/HEPS as set out above result from the forecast EPS and HEPS
figures disclosed in the prospectus having been calculated on the basis of 275
000 000 shares in issue whilst the actual weighted number of shares in issue
for the financial year ended 29 February 2008 was 193 396 712.
The information in this trading update has been reviewed by the company`s
auditors.
It is anticipated that the company`s audited financial results will be
released on or about Tuesday, 21 May 2008.
Johannesburg
15 May 2008
Designated Adviser
PSG Capital (Pty) Ltd
Date: 15/05/2008 16:19:01 Produced by the JSE SENS Department.
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