AVU
AVU
AVU - Avusa Limited - TRADING STATEMENT
Avusa Limited
Incorporated in the Republic of South Africa
(Registration number: 2008/002461/06)
Share code: AVU
ISIN code: ZAE000115895
("Avusa" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, Avusa advises that
earnings for the half-year ended 30 September 2009 are expected to be as
follows:
- Earnings per share between 67% and 77% lower than the comparative
period; and
- Headline earnings per share between 55% and 65% lower than the
comparative period.
The comparative period`s earnings per share included a profit from
discontinued operations in respect of Avusa`s Nigerian and Kenyan operations
of R39 million, inclusive of R60 million profit on sale of the discontinued
operations. The R60 million profit on sale was excluded from headline
earnings.
Apart from the impacts of the discontinued operations, the expected decrease
in earnings is primarily as a result of an approximately 20% reduction in net
advertising income.
The financial information on which this trading statement is based has not
been reviewed or reported on by the company`s auditors.
Avusa`s financial results for the half-year ended 30 September 2009 are
scheduled to be announced on or about Friday, 20 November 2009.
3 November 2009
Johannesburg
Sponsor
Nedbank Capital, a division of Nedbank Limited
Date: 03/11/2009 17:02:01 Produced by the JSE SENS Department.
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