ASO
ASO
ASO - Austro Group Limited - Trading Statement
Austro Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
Share code: ASO ISIN: ZAE000090882
("Austro")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, companies are
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
period to be reported upon next will differ by at least 20% from the financial
results for the previous corresponding period.
Accordingly, shareholders are advised that, for the year ended 31 August 2011,
Austro anticipates earnings per share and headline earnings per share to be
between 65% and 75% lower than the previous corresponding period.
Some of the major negative variances affecting this comparison include
retrenchment costs, a warranty claim, incremental rental costs as a result of
the occupation of new buildings, an inventory write-off and provision for a
significant potential bad debt. The items specified amount in aggregate to
R26,8 million before tax.
The financial information on which this trading statement is based has not
been reviewed or reported on by Austro`s auditors.
The annual results announcement will be released on SENS no later than
Wednesday, 30 November 2011.
10 November 2011
Sponsor
Java Capital
Date: 10/11/2011 13:05:01 Produced by the JSE SENS Department.
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