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APK
APK
APK - Astrapak Limited - Trading statement financial year ended 28 February 2011
ASTRAPAK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1995/009169/06)
ISIN: ZAE000096962
Share Code: APK
("Astrapak" or "the Group")
TRADING STATEMENT - FINANCIAL YEAR ENDED 28 FEBRUARY 2011
In terms of the Listings Requirements of the JSE, a company is required to
publish a trading statement as soon as the company is satisfied that a
reasonable degree of certainty exists that the financial results for the period
to be reported upon next will differ by at least 20% or more from those of the
corresponding reporting period of the previous year. The forecasts in respect of
the financial year ended 28 February 2011 on which this trading statement is
based, has not yet been reviewed, audited or reported on by the Group`s external
auditors and the following trading statement is therefore based on the
information available at the time of this announcement.
The Board therefore advises shareholders of Astrapak that:
- Headline earnings per share ("HEPS") from both continuing and discontinued
operations is expected to be between 30% and 35% lower than that reported for
the financial year ended 28 February 2010 ("comparative period"), which will
result in anticipated HEPS of between 76.2 cents and 70.8 cents (2010: 108.9
cents);
- HEPS from continuing operations expected to be between 35% and 40% lower than
that reported in the comparative period, which will result in anticipated HEPS
of between 76.0 cents and 70.1 cents (2010: 116.9 cents);
- Earnings per share ("EPS") from both continuing and discontinued operations
is expected to be between 15% and 20% lower than that reported in the
comparative period, which will result in anticipated EPS of between 76.6 cents
and 72.1 cents (2010: 90.1 cents);
- EPS from continuing operations is expected to be between 30% and 35% lower
than that reported in the comparative period, which will result in anticipated
EPS from continuing operations of between 76.4 cents and 71.0 cents (2010: 109.1
cents).
Net Asset Value per share is expected to be between 5% and 10% higher than that
reported in the comparative period, which will result in anticipated Net Asset
Value of between 889 cents and 849 cents (2010: 808 cents).
The Group`s results for the financial year ended 28 February 2011 are expected
to be finalised and released on SENS on or about Monday 9 May 2011.
Sandton
8 April 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/04/2011 16:20:02 Produced by the JSE SENS Department.
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