AFR
AFR
AFR - AFGRI Limited - Trading Statement AFGRI Limited
AFGRI Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1995/004030/06
ISIN: ZAE000040549
JSE share code: AFR
("AFGRI" or "the Company")
Trading Statement
AFGRI shareholders are advised that the Company is expecting a decrease of
between 35% and 45% in respect of earnings per share and 30% and 40% in respect
of headline earnings per share for the year ended 30 June 2011 compared to that
of the previous year.
The results were impacted by the difficult retail operating environment in the
agricultural services industry, both in South Africa and Australia. Furthermore
the Group tax rate has returned to a normalised rate and a net movement on the
discontinued operations line, with respect to the Trading Division, impacted
negatively on the earnings.
This trading statement has not been reviewed or reported on by AFGRI`s external
auditors. The release of the final announcement of results for the year ended 30
June 2011 is expected to be published on SENS on or about 7 September 2011.
Centurion
20 July 2011
Sponsor: Investec Bank Limited
Date: 20/07/2011 16:54:01 Produced by the JSE SENS Department.
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