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ANS
ANS
ANS - Ansys - Trading Update
ANSYS LIMITED
(Formerly Ansys Integrated Systems (Pty) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1987/001222/06)
JSE Share code: ANS & ISIN: ZAE000097028
("Ansys" or the Company)
TRADING UPDATE
In terms of the Listings Requirements of the JSE Limited ("JSE"), companies are
required to publish a trading statement as soon as they are satisfied that a
reasonable degree of certainty exists that the financial results for the period
to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.
During the period under review, Ansys experienced delays in the start up of a
significant number of their projects. The delays were caused by 6-18 month
delays in the issue and adjudication of major tenders by key customers.
Shareholders are advised that Ansys is currently finalising its results for the
six month period ended 31 August 2008 and in light of the above the company will
incur a loss for the period. The loss and headline loss per share are expected
to be between 4.50 and 5.50 cents per share (31 August 2007: earnings and
headline earnings per share of 6.25 and 6.26 cents). The financial information
on which this trading statement is based has not been reviewed by Ansys
auditors.
All the newly acquired subsidiaries are performing well and will deliver their
target results for the year ending 28 February 2009. To date, contracts with an
executable value of more than R150 million for the year to 28 February 2009 have
been received, which will ensure that the Ansys Group will exceed its forecast
turnover of R138 million for the year to 28 February 2009. Contracts secured for
the year to 28 February 2009, include projects such as the Transnet Wayside
Reader expansion, locomotive communication systems and optical exports to China
and Turkey.
While the company expects a significant improvement in performance for the
second half of the year, as projects received generate revenue, the un-recovered
cost incurred during the first half of the year will impact on the earnings for
the full year ending 28 February 2009.
The results for the six months ended 31 August 2008 are expected to be published
on SENS by early November 2008.
27 October 2008
Johannesburg
Designated Adviser
Exchange Sponsors
Date: 27/10/2008 17:00:01 Produced by the JSE SENS Department.
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