ALT - Allied Technologies Limited - Trading Statement
ALT
ALT
ALT - Allied Technologies Limited - Trading Statement
Allied Technologies Limited
Member of the Altron Group
Incorporated in the Republic of South Africa
(Registration number 1946/020415/06)
Share Code : ALT
ISIN Number : ZAE000015251
("Altech" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, companies are
required to publish a Trading Statement as soon as the company and its
directors become reasonably certain that the financial results for the period
will differ by more than 20% from those of the previous corresponding period.
Altech is currently finalising its results for the financial year ended 29
February 2012 and shareholders are advised that the company`s headline
earnings and adjusted headline earnings per share are expected to be between
24% and 30% lower than the equivalent figures for the financial year ended 28
February 2011 ("the previous financial year").
These reductions are primarily due to continued poor results in Altech`s East
and West African operations.
In addition, mainly due to the impairment of both goodwill in respect of
Altech`s West African operations and the carrying value of the investment in
Altech`s East African operations, reflecting their poor results, the
company`s basic earnings per share are expected to show a loss of between 281
cents and 302 cents compared to a profit of 216 cents the previous financial
year.
The financial information on which this Trading Statement is based has not
been reviewed or reported on by Altech`s external auditor.
The results for the period ended 29 February 2012 are expected to be
published on SENS on or about 25 April 2012.
Johannesburg Sponsor
13 April 2012 Investec Bank Limited
Date: 13/04/2012 15:30:01 Produced by the JSE SENS Department.
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