ATR - Africa Cellular Towers Limited - Trading Update
ATR
ATR
ATR - Africa Cellular Towers Limited - Trading Update
AFRICA CELLULAR TOWERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/027374/06)
JSE code: ATR
ISIN: ZAE000088084
("the company")
TRADING UPDATE
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE
Limited, a company is required to publish a trading statement as soon as it
becomes aware, with a reasonable degree of certainty, that the financial
results for the next period to be reported on are likely to vary by at least
20% from 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 expects to reflect a loss per
share of between 23.76 cents and 28.51 cents and a headline loss per share of
between 21.02 cents and 25.22 cents when compared to earnings and headline
earnings per share of 19.57 cents and 19.52 cents for the year ended 28
February 2009, respectively.
The trading conditions experienced up until the company`s interim period ended
31 August 2009 prevailed for the second half of the financial year and this,
together with the write-off of long outstanding debtors, the strong South
African currency and losses made on cellular installation contracts in Africa,
exacerbated the increased basic loss and headline loss for the year to 28
February 2010.
The financial information on which this trading update is based has not been
reviewed or reported on by the company`s auditors.
The company`s results for the year ended 28 February 2010 are expected to be
released on SENS on 21 May 2010.
14 May 2010
Designated Adviser
Vunani Corporate Finance
Date: 14/05/2010 11:00:01 Produced by the JSE SENS Department.
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