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 interim results for the six months ended 31
March 2010, expected to be released on SENS on 24 May 2010.
Shareholders are advised that headline earnings and headline earnings per
share for the period are expected to decline by 2% relative to the R937
million and 116.6 cents per share respectively reported for the first six
months of the 2009 financial year.
The African Bank business unit is expected to report a decrease in headline
earnings of 5%, whilst Ellerines is expected to report a 6% increase relative
to the results reported for the six months to 31 March 2009.
As previously communicated, trading conditions in the first quarter of the
current financial year remained particularly challenging. Trading volumes in
both businesses have, however, recovered modestly in the second quarter,
which bodes well for an improved group performance for the full financial
year.
The forecast financial information on which this trading statement is based,
has not been reviewed nor audited and reported on by ABIL`s external
auditors.
Midrand
7 May 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/05/2010 11:22:06 Produced by the JSE SENS Department.
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