APK
APK
APK - Astrapak Limited - Updated Trading Statement
ASTRAPAK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/009169/06)
ISIN: ZAE000030938
Share Code: APK
("Astrapak" or "the Company")
UPDATED TRADING STATEMENT
Shareholders are referred to the trading statement released on SENS on 8 August
2008 in terms of which the Company advised that earnings per share ("EPS") and
headline earnings per share ("HEPS") for the six months ended 31 August 2008
were expected to be between 40% and 60% lower than the comparative figure for
the six months ended 31 August 2007.
The Company is now nearing the finalisation of the results for the six months
ended 31 August 2008 and wishes to advise shareholders that EPS and HEPS for the
six months ended 31 August 2008 are now expected to be between 80% and 90% lower
than the comparative figure for the six months ended 31 August 2007. This will
result in anticipated EPS between 5.9 cents and 11.7 cents and HEPS between 5.63
cents and 11.3 cents.
The movement in earnings between this and the previous trading statement is
mainly as a result of a decision by the Company to reverse certain deferred tax
assets raised in subsidiary companies during prior financial periods. In terms
of International Accounting Standards the Company is required to reverse such
deferred tax assets in full against current period earnings, although the
deferred tax assets were created in prior reporting periods.
The financial information on which this trading statement is based has not been
reviewed or reported on by the Company`s auditors. The results for the six
months ended 31 August 2008 will be released on SENS on 22 October 2008.
Sandton
17 October 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/10/2008 12:11:01 Produced by the JSE SENS Department.
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