ALT
ALT
ALT - Altech - Trading Statement
Allied Technologies Limited
Member of the Altron Group
Incorporated in the Republic of South Africa
(Registration number: 1946/020415/06)
Share code: ALT
ISIN number: ZAE000015251
("Altech" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a Trading Statement as soon as they become reasonably certain that
the financial results for the period to be reported on next will differ by more
than 20% from those of the previous corresponding period.
Altech is currently finalising its results for the six months ended 31 August
2008 and shareholders are advised as follows:
- the company`s basic earnings per share is expected to be 50% to 55%
higher than that of the prior comparative period. This is mainly due
to the impairment of goodwill of R47 million in Altech NamITech
(Pty)Limited at the end of August 2007;
- the company`s headline earnings per share is expected to increase by
between 17% and 19% compared to that of the previous corresponding
period; and
- the company`s adjusted headline earnings per share is expected to be
20% to 25% higher than that of the previous corresponding period. This
is as a result of the amortisation of intangible assets.
The financial information on which this trading statement is based has not been
reviewed or reported on by Altech`s auditors.
The results for the six months period ended 31 August 2008 are expected to be
published on SENS on 30 September 2008.
Johannesburg
19 September 2008
Sponsor
Investec Bank Limited
Date: 19/09/2008 08:00:02 Produced by the JSE SENS Department.
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