ABL - African Bank Investments Limited - Voluntary Trading Statement
ABL ABLP
ABL
ABL - African Bank Investments Limited - Voluntary Trading Statement
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Ordinary share code: ABL & ISIN: ZAE000030060
Preference share code: ABLP ISIN: ZAE000065215
("ABIL")
VOLUNTARY TRADING STATEMENT
In terms of the Listing Requirements of the JSE Limited, the following
information is disclosed:
ABIL is currently finalising its results for the financial year ended 30
September 2009, expected to be released on SENS on 23rd November 2009.
ABIL achieved headline earnings of R1 519 million or 211.6 cents per share for
the year ended 30 September 2008, after deducting a once-off BEE charge of R291
million. Headline earnings before the BEE charge was R1 810 million or 252,1
cents per share.
Shareholders are advised that headline earnings for the financial year ended 30
September 2009 are expected to be at a similar level to the R1 810 million
reported in 2008. Headline earnings per share are expected to be 10%-12% lower
than the 252.1 cents per share reported in the previous financial year as a
result of the increase in the weighted number of shares in issue.
The African Bank business unit is expected to report an increase in headline
earnings of 5%-8% for the year ended 30 September 2009, whilst Ellerines is
expected to report a 20%-25% decrease relative to the results reported for the
nine months to 30 September 2008.
The forecast financial information on which this trading statement is based has
not been reviewed nor audited and reported on by ABIL`s auditors.
Midrand
13 November 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/11/2009 11:37:01 Produced by the JSE SENS Department.
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