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AEG
AEG
AEG - Aveng Limited - Trading Statement
AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
TRADING STATEMENT
Shareholders are advised that the company anticipates headline earnings and
earnings per share for the year ending 30 June 2008 to exceed that of the
previous year ended 30 June 2007 by between 40% and 50%.
The groups two year contracting order book has grown by 32% from R22 billion at
30 December 2007 to R29 billion at 30 April 2008. Major contracts awarded
include:
Grinaker-LTA:
- Securing the main civil work package for the Medupi Power Station in joint
venture. With a planned generation capacity of approximately 4 500 MW, it
will be the largest coal fired plant in the world on completion. Site
establishment is imminent and scheduled contract completion is 2012.
- The award of the construction of Heineken`s first brewery in South Africa.
The brewery, located at Randvaal, Gauteng, will be completed in June 2009.
- The successful bid for work on the South African National Roads Agency
Limited`s (Sanral`s) Gauteng Freeway Improvement Project including
improvements to the N3 freeway between Geldenhuys and Buccleuch and the N1
freeway from Buccleuch to Brakfontein.
Moolmans:
- Canadian based Homeland Energy Group Limited awarded a mining contract to
Moolmans at its Kendal Coal Mine. The engagement has a minimum term of
three years.
- Anglo Coal appointed Moolmans for a minimum term of 43 months at the Kriel
Pit 5 Reserve.
McConnell Dowell Corporation:
- The company was contracted by Environmental Clean Technologies Limited to
procure and construct Coldry Plants in Australia. The Coldry Process is a
dewatering technology creating high-energy, clean-burning pellets from
lignite (brown coal). McConnell Dowell will initially work on the Bankable
Feasibility Study for the construction of the first
150 000 ton per annum Coldry demonstration plant. It will subsequently
construct all future Coldry plants in Australia.
- It has also been awarded the marine structure optimisation contract for The
Pilbara Iron Ore Infrastructure Project in Port Hedland, Western Australia.
The scope of works includes the design and construction of a 400m extension
of the wharf, which was recently completed by McConnell Dowell.
- In Singapore, McConnell Dowell was appointed for the marine piling works
project at the high profile Marina Bay Sands Integrated Resort. The scope
of works includes the design and construction of a continuous piled
promenade deck and two special cofferdams for submerged crystal pavilions.
The financial information on which this statement is based has not been reviewed
or reported on by the company`s auditors. The financial statements to 30 June
2008 are expected to be released on Monday 8 September 2008.
20 May 2008
Sponsor:
JPMorgan Equities Ltd
Date: 20/05/2008 09:10:01 Produced by the JSE SENS Department.
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