ABK - African Brick Centre Limited - Trading Update
ABK
ABK
ABK - African Brick Centre Limited - Trading Update
AFRICAN BRICK CENTRE LIMITED
Registration Number 1999/006214/06
(Incorporated in the Republic of South Africa)
Share code: ABK & ISIN: ZAE000105169
("African Brick" or "the Company")
TRADING UPDATE
In terms of paragraph 3.4 (b) of the JSE Listing Requirements, issuers must
publish a trading statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results to be reported on next
will differ by at least 20% from the financial results for the previous
corresponding period.
Accordingly, African Brick hereby advises that the Company`s earnings per share
("EPS") and headline earnings per share
("HEPS") in respect of the six month period ending 31 August 2008 are expected
to be between 75% and 85% lower than those reported for the pro forma African
Brick Group for the previous corresponding period.
Adverse trading conditions, especially in the residential building market, have
resulted in substantially lower earnings than expected.
Johannesburg
27 August 2008
Designated Adviser
PSG Capital (Pty) Ltd
Date: 27/08/2008 16:58:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
