ATN ATNP
ATN
ATN/ATNP - Allied Electronics Corporation Limited - Trading Statement
Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code : ATN ISIN: ZAE000029658
Share Code : ATNP ISIN: ZAE000029666
("Altron" or "the company")
Trading Statement
Shareholders are advised that a reasonable degree of certainty exists that
the company`s headline earnings per share and diluted adjusted headline
earnings per share for the year ended 29 February 2012 are expected to be
between 13% to 19% lower as against the previous corresponding period. This
diluted adjusted headline earnings per share includes an adjustment for the
amortisation of intangibles arising from acquisitions as well as various once
off non-operational items. Management continues to consider this to be the
most meaningful measure of profitability for the company.
Shareholders are further advised that basic earnings per share for the year
ended 29 February 2012 are expected to be between 65% to 75% lower as against
the previous corresponding period. This primarily reflects significant
impairments in respect of Altech`s East and West African operations.
Altron`s annual financial results for the financial year ended 29 February
2012 are expected to be announced on or about 8 May 2012.
This trading statement has not been reviewed or reported on by Altron`s
external auditor.
By order of the board.
Johannesburg
13 April 2012
Sponsor
Investec Bank Limited
Date: 13/04/2012 15:31:12 Produced by the JSE SENS Department.
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