ADW
ADW
ADW - African Dawn - Trading Statement
AFRICAN DAWN CAPITAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/020520/06)
JSE code: ADW
ISIN: ZAE000060703
("Afdawn" or "the company")
TRADING STATEMENT
In compliance with paragraph 3.4 of the Listings Requirements of the JSE
Limited, a listed company is required to publish a trading statement as
soon as they are satisfied that a reasonable degree of certainty exists,
that the financial results for the next period to be reported on are
likely to vary by more than 20% from the previous corresponding period.
Afdawn wishes to advise shareholders that the company expects a
turnaround in the loss per share ("LPS") and headline loss per share
("HLPS") resulting in an earnings per share ("EPS") and headlines
earnings per share ("HEPS") for the period ended 31 August 2011 of more
than 20% compared to the LPS and HLPS reported on in the prior
comparative period ending 31 August 2010. The company expects an EPS of
1.71 cents per share and HEPS of 1.80 cents per share which translates
into an increase of 136% to the EPS and an increase of 138% to HEPS
reported on in the previous corresponding period.
The information in this trading statement has not been reviewed or
reported on by Afdawn`s auditors, Grant Thornton.
Johannesburg
29 September 2011
Designated Advisor
Sasfin Capital
A division of Sasfin Bank Limited
Date: 29/09/2011 13:28:58 Produced by the JSE SENS Department.
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