ADW - African Dawn Capital Limited - Trading Statement
ADW
ADW
ADW - African Dawn Capital Limited - 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
it is 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 an increase in the
Earnings per share ("EPS") and Headline Earnings per share ("HEPS"), for the
year ended 29 February 2012. The expected change is more than 20% compared to
the EPS and HEPS reported on in the prior comparative period (28 February 2011).
The reported EPS and HEPS for corresponding period were 1.63 cents and 1.03
cents respectively. The company expects an EPS to increase between 87% and 107%
and HEPS to increase between 184% and 204% from the previous corresponding
period. The difference between EPS and HEPS is mainly due to the sale of a
subsidiary, with previous impairments in investment and intercompany loan
account not adjusted for in HEPS.
The audited results for the year ended 29 February 2012 will be released on SENS
during the last week of May 2012. The information in this trading statement has
not been reviewed or reported on by Afdawn`s auditors, Grant Thornton.
Johannesburg
15 May 2012
Designated Advisor
Sasfin Capital
A division of Sasfin Bank Limited
Date: 15/05/2012 16:00:03 Produced by the JSE SENS Department.
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