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AET
AET
AET - Alert Steel Holdings Limited - Voluntary announcement: trading
update for the quarter ended 30 September 2011
ALERT STEEL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/005144/06)
JSE code: AET ISIN: ZAE000092847
("Alert Steel" or "the company")
VOLUNTARY ANNOUNCEMENT: TRADING UPDATE FOR THE QUARTER ENDED 30
SEPTEMBER 2011
Due to the nature of Alert Steel`s current financial position, the
company has embarked on a policy of issuing quarterly trading updates
for the 2012 financial year, this being the first, in order to provide
investors with timely insight into high-level financial performance
trends.
Financial Highlights: 3 Months Ended 3 Months Ended
30 Sep 2011 30 Sep 2010
R `000 R `000
Revenue 190 273 240 105
Loss for the period (1 544) (25 309)
Headline loss for the period (1 544) (25 309)
Basic Loss per share (cents) (0.6) (10.2)
Headline Loss per share (cents) (0.6) (10.2)
The calculation of loss per ordinary share is based on a loss of R1 544
255 (2010: R25 309 185 loss) and a weighted average number of shares of
248 428 570 (2010: 248 428 570).
The calculation of headline loss per ordinary share is based on a
headline loss of R1 544 255 (2010: R25 309 185 loss) and a weighted
average number of shares of 248 428 570 (2009: 248 428 570).
The financial information on which this voluntary trading update is
based has been prepared in accordance with International Financial
Reporting Standards and has not been reviewed or reported on by the
company`s auditors.
Shareholders are advised that per paragraph 3.4(b) of the JSE Limited
Listings Requirements the company will not be required to release
trading statements during the 2012 financial year as a result of the
company adopting quarterly reporting.
By order of the Board
For and on behalf of the board
M McCulloch J du Toit
Chairman Chief executive
26 October 2011
Pretoria
Designated Advisor
QuestCo Sponsors (Pty) Ltd
Date: 26/10/2011 17:30:16 Produced by the JSE SENS Department.
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