ABK - African Brick Centre Limited - Trading update and cautionary
ABK
ABK
ABK - African Brick Centre Limited - Trading update and cautionary
announcement
AFRICAN BRICK CENTRE LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1999/006214/06)
Share Code: ABK & ISIN: ZAE000105169
("the Company")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Shareholders are hereby advised that the Company is reasonably certain that
its audited results for the 12 months ended 28 February 2010, will reflect a
decrease in its loss per share and headline loss per share of more than 20%
compared to the previous financial year.
The improvement in the Company`s results is mainly attributable to non
recurrence of expenses associated with the right sizing of business operations
and write off of goodwill in the previous reporting period.
At this stage, the Company is unable to quantify, with reasonable certainty,
the expected range of the improved loss for the 12 months ending 28 February
2010.
Accordingly, shareholders are advised to exercise caution when dealing in the
Company`s shares until such time as a trading statement is released.
The information in this trading update has not been reviewed or reported on by
the Company`s auditors.
Krugersdorp
30 March 2010
Designated Advisor: Grindrod Bank Limited
Date: 30/03/2010 12:12:02 Produced by the JSE SENS Department.
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