| Thu 11 Dec 2008, 10:03 | | ABU - a.b.e Construction Chemicals Limited - Trading update |
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ABU
ABU
ABU - a.b.e Construction Chemicals Limited - Trading update
a.b.e CONSTRUCTION CHEMICALS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1982/005383/06)
Share code: ABU ISIN: ZAE000102059
("a.b.e." or "the Company")
Trading update
INTRODUCTION
In terms of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes aware that the
financial results for the next period to be reported on will differ by at least
20% from those of the previous corresponding period.
RESTATEMENT OF COMPARATIVE WEIGHTED AVERAGE NUMBER OF SHARES
As a consequence of the interpretation of IAS 33 (Earnings per share), the
weighted average number of shares for the Company in respect of the 6 months
ended 30 November 2007 has been recalculated. The original published and
restated weighted average number of shares and resultant basic and diluted
earnings and headline earnings per share figures in respect of the 6 months
ended 30 November 2007 are presented below:
As previously As restated
published
Unaudited Unaudited
6 months ended 6 months
30 November 2007 ended
30 November
2007
Basic earnings (R) 10,377,622 10,377,622
Headline earnings (R) 10,219,125 10,219,125
Weighted average number of 100,000,000 66,660,000
shares
Actual number of shares in 100,000,000 100,000,000
issue
Basic and diluted earnings 10.37 15.57
per share (cents)
Headline and diluted 10.22 15.33
headline earnings per share
(cents)
TRADING STATEMENT IN RESPECT OF 6 MONTHS ENDED 30 NOVEMBER 2008
Accordingly, a.b.e. hereby advises that, for the 6 months ended 30 November
2008, basic earnings and headline earnings will be between 30% and 40% higher
than the comparative figures for the 6 months ended 30 November 2007. The
company therefore expects basic and diluted earnings per share and headline and
diluted headline earnings per share to be between 13,0 cents per share and 15,0
cents per share for the 6 months ended 30 November 2008.
The information in this trading update has not been reviewed or reported on by
the Company`s auditors.
Johannesburg
11 December 2008
Designated Adviser PSG Capital (Pty) Ltd
Date: 11/12/2008 10:03:35 Produced by the JSE SENS Department.
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