AWT
AWT
AWT - Awethu Breweries Limited - Trading Statement
AWETHU BREWERIES LIMITED
(REGISTRATION NUMBER 1992/004352/06)
("AWETHU" OR "THE COMPANY")
JSE CODE: AWT
ISIN CODE: ZAE000013769
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited relating to trading
statements, a listed company is required to publish a trading statement as
soon as it becomes aware that the financial results for the next period to be
reported on will differ by 20% from those of the previous corresponding
period.
Shareholders are advised that Awethu is in the process of finalising the
results for the year to 30 June 2010. It is expected that as a result of a
significant decrease in trading and gross profit margins, extreme legal fees
incurred in the recent corporate action of the company, major repairs,
maintenance and security at the mill and notable finance costs still being
incurred on outstanding rates and taxes account, the net income for the year
under review was drastically reduced, resulting in the company reflecting a
loss for the year. The loss and headline loss per share is expected to be
between -3.50 and -3.70 cents per share for the year to 30 June 2010, compared
to earnings and headline earnings of 0.93 cents per share for the prior year,
which is a decrease of between 4.43 cents to 4.63 cents per share.
The financial information on which this trading statement is based, has not
been audited nor reported on by Awethu`s auditors.
The company`s results to 30 June 2010 will be published on SENS on or before
30 September 2010.
Vanderbijlpark
28 September 2010
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd
Date: 28/09/2010 16:06:01 Produced by the JSE SENS Department.
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