AEG - Aveng Limited - Revised trading statement: year ended 30 June 2009
AEG
AEG
AEG - Aveng Limited - Revised trading statement: year ended 30 June 2009
AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")
REVISED TRADING STATEMENT: YEAR ENDED 30 JUNE 2009
Shareholders are referred to the Trading Update released on 30 June 2009
in which Aveng reported that as a result of the significant fall in the price
of and demand for steel, the loss of investment income arising from the special
dividend, the return of cash to shareholders and the share repurchase programme
as well as the decreased demand for consumer related paving and landscape
products, earnings per share would be 15% to 20% and headline earnings per
share 20% to 25% lower than for the year ended 30 June 2008.
Shareholders are now advised that with the finalisation of accounting issues
for the year and, in particular a stronger than expected profit performance
from the Construction and Engineering segment, the company anticipates that
earnings per share will be 7% to 12% and headline earnings per share 9% to 14%
lower than for the year ended 30 June 2008.
The financial information on which this statement is based has not been
reviewed or reported on by the company`s auditors. The results for the year
ending 30 June 2009 are expected to be released on Wednesday 9 September 2009.
SANDTON
27 August 2009
Sponsor:
J.P. Morgan Equities
Date: 27/08/2009 16:30:01 Produced by the JSE SENS Department.
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