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ACT ACTP
ACT
ACT / ACTP - Afrocentric Investment Corporation - Updated Trading statement
AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT, ACTP ISIN: ZAE000078416, ZAE000082269
("AfroCentric" or "the Company")
UPDATED TRADING STATEMENT
Shareholders are referred to the trading statement released on SENS on 15
September 2009. During the course of the audit process, certain adjustments
became necessary in terms of IFRS 3 in respect of the acquisition of Lethimvula
Investments Limited subsequent to the trading statement at 15 September 2009.
In light of the above, AfroCentric shareholders are accordingly advised that:
1. Earnings per share (EPS) for the year ended 30 June 2009 are expected
to be between 70% and 80% higher compared to the EPS for the year
ended 30 June 2008. It was previously reported that EPS would be
between 80% and 90% higher compared to the EPS for the year ended 30
June 2008.
2. Headline earnings per share (HEPS) for the year ended 30 June 2009 are
expected to be between 60% and 70% higher compared to the HEPS for the
year ended 30 June 2008. It was previously reported that HEPS would be
between 70% and 80% higher compared to the HEPS for the year ended 30
June 2008.
3. Diluted EPS for the year ended 30 June 2009 are expected to be between
85% and 95% higher compared to the diluted EPS for the year ended 30
June 2008. It was previously reported that diluted EPS would be
between 100% and 110% higher compared to the diluted EPS for the year
ended 30 June 2008.
4. Diluted HEPS for the year ended 30 June 2009 are expected to be
between 80% and 90% higher compared to the diluted HEPS for the year
ended 30 June 2008. It was previously reported that diluted HEPS would
be between 90% and 100% higher compared to the diluted HEPS for
the year ended 30 June 2008.
The financial information on which this trading statement is based has been
audited by AfroCentric`s auditors. The results for the year ended 30 June 2009
are expected to be published on or about 29 September 2009.
Johannesburg
25 September 2009
Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 25/09/2009 15:30:01 Produced by the JSE SENS Department.
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