ADH
ADH
ADH - ADvTECH - Trading Statement
ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH & ISIN: ZAE000031035
("ADvTECH" or "the Group")
Trading Statement
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited,
ADvTECH may publish a trading statement as soon as it is satisfied that a
reasonable degree of certainty exists that there are important differences
between the financial results to be reported on next and those of the previous
corresponding period.
As previously indicated, the Group expected to report that trends of real growth
in earnings would continue during the 2009 financial year. For the first six
month period ended 30 June 2009, the larger Education division is projecting
strong growth of 20% to 25% in both revenue and operating contribution.
However, as a result of the economic downturn operations in the Recruitment
business unit proved to be more challenging and the Recruitment division is
projecting a decline in operating contribution of between 20% and 25%.
Shareholders are notified that ADvTECH`s headline earnings per share and
earnings per share for the six months ended 30 June 2009 are nevertheless
expected to be between 3% and 8% higher than for the previous corresponding
period.
The financial information on which this trading statement is based has not been
reviewed or reported on by ADvTECH`s auditors. The results for the six months
ended 30 June 2009 are expected to be published on or about 24 August 2009.
3 August 2009
Johannesburg
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 03/08/2009 17:02:03 Produced by the JSE SENS Department.
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