ACT
ACT
ACT/ACTP - AfroCentric - Trading Statement
AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT, ACTP
ISIN: ZAE 000078416, ZAE 000082269
("AfroCentric" or "the Company")
TRADING STATEMENT
In terms of paragraph 3.4 (b) of the JSE Limited ("JSE") Listings
Requirements, companies are required to publish a trading statement as soon
as they become reasonably certain that the financial results for the period
to be reported upon differ by at least 20% from that of the previous
corresponding period.
AfroCentric shareholders are accordingly advised that:
Earnings per share (EPS) for the six months ended 31 December 2009 are
expected to be between 20% and 30% higher compared to the EPS for the six
months ended 31 December 2008.
Headline earnings per share (HEPS) for the six months ended 31 December 2009
are expected to be between 45% and 55% higher compared to the HEPS for the
six months ended 31 December 2008.
Diluted EPS for the six months ended 31 December 2009 are expected to be
between 20% and 30% higher compared to the diluted EPS for the six months
ended 31 December 2008.
Diluted HEPS for the six months ended 31 December 2009 are expected to be
between 45% and 55% higher compared to the diluted HEPS for the six months
ended 31 December 2008.
The financial information on which this trading statement is based has not
been reviewed or reported on by AfroCentric`s auditors. The results for the
six months ended 31 December 2009 are expected to be published on or about 26
March 2010.
By order of the Board
Johannesburg
23 March 2010
Sponsor: Sasfin Capital (A division of Sasfin Bank Limited)
Date: 23/03/2010 11:02:01 Produced by the JSE SENS Department.
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