AND - Andulela Investment Holdings Limited - Trading Statement
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AND - Andulela Investment Holdings Limited - Trading Statement
ANDULELA INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1950/037061/06)
Share code: AND ISIN code: ZAE000125894
("Andulela" or "the company")
TRADING STATEMENT
Shareholders are advised that the company expects a loss for the twelve months
ended 30 June 2010 of between 19.0 cents and 22.0 cents per share and a headline
loss of between 1.0 and 2.0 cents per share, compared to a loss and headline
loss of 85.2 and 1.8 cents per share respectively for the comparative period
ended 30 June 2009.
During the period under review, Andulela completed the put option transaction
previously reported on SENS and in terms of which it has acquired a controlling
interest in Abalengani Mining Investments (Pty) Ltd ("AMI"), JB Platinum
Holdings (Pty) Ltd ("JBPH") and Kilken Platinum (Pty) Ltd ("Kilken"). The
business combination has contributed to the improved performance of Andulela for
the period under review and AMI, JBPH and Kilken have been consolidated into the
results of Andulela from 1 May 2010.
The financial information on which this trading statement is based, has not been
audited or reviewed by the company`s auditors.
The financial results for the twelve months ended 30 June 2010 will be published
on SENS by no later than 30 September 2010.
15 September 2010
Sponsor
Investec Bank Limited
Date: 15/09/2010 16:27:01 Produced by the JSE SENS Department.
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