ACE
ACE
ACE - Accentuate Limited - Trading Update
ACCENTUATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2004/029691/06)
JSE Share code: ACE & ISIN: ZAE000115986
("Accentuate" or the Company)
TRADING UPDATE
In terms of the Listings Requirements of the JSE Limited, 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 year under review, Accentuate`s results were significantly impacted
by the delay of government spending over the election period, exacerbated by a
spate of public holidays and voting in April 2009 as well as the deferment of
projects into the 2010 financial year. The sharp down-turn in the glass and
aluminium industry coupled with the general slowdown in the economy resulted in
the erosion of margins.
In light of the above, shareholders are advised that Accentuate is currently
finalising its results for the twelve months ended 30 June 2009 and are advised
that earnings per share and headline earnings per share for the twelve months
ended 30 June 2009 are expected to decrease by between 55% and 75% over that of
the corresponding period. The financial information on which this trading
statement is based has been not been reviewed by Accentuate`s auditors.
The company expects a significant improvement in performance in the year ahead.
As a result of additional contracts awarded to Accentuate, the overall pipeline
is at levels that exceed those achieved at the end of the 2009 financial year.
The results for the year ended 30 June 2009 are expected to be published on SENS
by the middle of September 2009.
31 July 2009
Johannesburg
Designated Adviser
Exchange Sponsors
Date: 31/07/2009 15:00:01 Produced by the JSE SENS Department.
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