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ANS - Ansys Limited - Trading Update
ANSYS LIMITED
(Formerly Ansys Integrated Systems (Pty) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1987/001222/06)
JSE Share code: ANS ISIN: ZAE000097028
("Ansys" or the Company)
TRADING UPDATE
In terms of the Listings Requirements of the JSE Limited ("JSE"), section
3.4(b), companies are required to publish a trading statement as soon as they
are satisfied that a reasonable degree of certainty exists that the financial
results for the period will differ by at least 20% from the financial results
for the previous corresponding period.
Shareholders are advised that the company is in the process of finalising its
results for the year ended 28 February 2010 and advises that the loss for this
period is expected to be in excess R10 million, compared to a profit for the
comparative period of R1.5 million. At this stage, the company is unable to
quantify, with any degree of certainty, the expected basic and headline earnings
per share for the year ended 28 February 2010 and expects to release a further
announcement containing such detail in due course.
The expected loss results from delays in tender adjudication, delays in receipt
of export permits and poor implementation of optics related orders. The latter
two causes have subsequently been rectified however the first remains a problem.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
21 April 2010
Pretoria
Designated Adviser
Exchange Sponsors
Date: 21/04/2010 14:41:01 Produced by the JSE SENS Department.
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