ART - Argent Industrial Limited - Trading statement
ART
ART
ART - Argent Industrial Limited - Trading statement
Argent Industrial Limited
(Incorporated in the Republic of South Africa)
Registration number 1993/002054/06
ISIN: ZAE000019188
JSE Share code: ART
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are reasonably certain that the
financial results for the current reporting period will differ by more than 20%
from those of the previous corresponding period.
Argent accordingly advises that it expects the Group`s headline earnings per
share for the year ended 31 March 2010 to be between 85% and 95% lower compared
to the previous corresponding period. This equates to a headline earnings per
share of between 18.45 and 6.15 cents per share, compared to headline earnings
of 123.0 cents per share for the previous corresponding period.
Earnings per share for the year ended 31 March 2010 are estimated to be between
85% and 95% lower compared to the previous corresponding period. This equates
to an earnings per share of between 18.95 and 6.32 cents per share, compared to
earnings of 126.4 cents per share for the previous corresponding period.
The Group has achieved improved earnings in the second half of 2010 compared
with the first half despite the Christmas slowdown, which reinforces the
continued improvement in profitability of the group since the dramatic fall in
market conditions from September 2008.
The above information has not been reviewed or reported on by the Group`s
external auditors. It is anticipated that the results for the year ended 31
March 2010 are to be published on or about 22 June 2010 and the annual report to
be posted before the 30 June 2010.
Umhlanga
3 June 2010
Sponsor: Investec Bank Limited
Date: 03/06/2010 15:17:01 Produced by the JSE SENS Department.
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