AFE
AFE
AFE - AECI Limited - Trading statement
AECI LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE ISIN No. ZAE000000220
("AECI" or "the Company")
TRADING STATEMENT
Shareholders are advised that AECI expects that its actual earnings per share
("EPS") and headline earnings per share ("HEPS"), for the full financial year
ending 31 December 2010, will be at least 40% higher than those achieved for the
full financial year ended 31 December 2009.
This forecast could be adversely impacted should the rand strengthen further off
its current levels.
Once there is greater clarity on the specific range of the improvement in actual
EPS and HEPS, a revised trading statement will be issued providing further
guidance to shareholders prior to the publication of AECI`s full-year financial
results, which are expected to be released on SENS on or about Tuesday, 22
February 2011.
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by the Company`s auditors.
Woodmead, Sandton
14 October 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/10/2010 10:30:01 Produced by the JSE SENS Department.
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