ATR - Africa Cellular Towers - Trading update and cautionary announcement
ATR
ATR
ATR - Africa Cellular Towers - Trading update and cautionary announcement
AFRICA CELLULAR TOWERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/027374/06)
JSE code: ATR
ISIN: ZAE000088084
("the company")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the company is in the process of finalising its
results for the six months ended 31 August 2009, and expects to reflect a loss
for the period then ended. The decline in the company`s results is mainly
attributable to a deterioration of the world economy and the resultant
cancellation and/or postponement of cellular and power line projects by major
customers, the decrease in the steel price and the strengthening of the Rand
against the US Dollar and Euro since February 2009, affecting the company`s
revenue and margins.
At this stage, the company is unable to quantify, with any degree of certainty,
the expected loss for the six months ended 31 August 2009 and shareholders are
advised to exercise caution when dealing in the company`s shares until such time
as a further announcement is released.
The liquidity and solvency of the company remain strong.
13 October 2009
Designated Adviser
Vunani Corporate Finance
Date: 13/10/2009 10:43:01 Produced by the JSE SENS Department.
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