AFE
AFE
AFE - AECI Limited - Trading Statement
AECI LIMITED
(Incorporated in the Republic of South Africa)
Registration No. 1924/002590/06
Share code: AFE ISIN No.: ZAE000000220
("AECI" or "the Company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed company must
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 that of the previous corresponding
period.
AECI expects that for the half-year ending 30 June 2008, headline and
attributable earnings per ordinary share will be between 295 and 325 cents per
share. This is 25% to 35% higher than the 242 (restated) and 236 cents per
share respectively reported in the first half of 2007.
The major reasons for the expected increase in earnings are the strong trading
performance by Chemical Services Limited; and strong growth in AEL`s South
African surface business and its African operations.
The information in this trading statement has not been reviewed and reported on
by the auditors of the Company.
The results for the half-year ending 30 June 2008 will be published on 29 July
2008.
Woodmead, Sandton
19 June 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/06/2008 09:00:01 Produced by the JSE SENS Department.
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