ABK - African Brick Centre Limited - Trading statement
ABK
ABK
ABK - African Brick Centre Limited - Trading statement
AFRICAN BRICK CENTRE LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1999/006214/06)
Share Code: ABK ISIN: ZAE000105169
("African Brick" or "the Company")
TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a
listed company is required to publish a trading statement as soon as there is a
reasonable degree of certainty that the financial results of the company are
likely to differ by at least 20% from those of the previous corresponding
period.
Accordingly, African Brick hereby advises that, for the six months ended 31
August 2009, the Company expects loss per share ("LPS") to be between 65% and
85% lower, and headline loss per share ("HLPS") to be between 255% and 275%
higher than the comparative six months period ended 31 August 2009. This
implies LPS and HLPS of between 0.63 and 0.27 cents per share and 0.53 and 0.56
cents per share, respectively.
The aforementioned expected financial results are attributable to difficult
trading conditions that have prevailed in the residential market for the period
under review.
The information in this trading statement has not been reviewed or reported on
by the Company`s auditors.
It is anticipated that the financial results for the six months ended 31 August
2009 will be published on or about 27 October 2009.
Johannesburg
15 September 2009
Designated Advisor: PSG Capital (Proprietary) Limited
Date: 15/09/2009 09:05:02 Produced by the JSE SENS Department.
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