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AVI
AVI
AVI - AVI Limited - Trading update and statement for the year ending 30 June
2012
AVI Limited
(Registration number 1944/017201/06)
Share code: AVI
ISIN: ZAE000049433
("AVI" or "the Group")
TRADING UPDATE AND STATEMENT FOR THE YEAR ENDING 30 JUNE 2012
Based on the Group`s aggregated trading performance for the eleven months to
May 2012 and the latest estimate for June 2012 we are required to issue the
following statement in accordance with Section 3.4 (b) of the Listings
Requirements of the JSE Limited:
- Consolidated headline earnings per share for the continuing
operations of the Group for the year ending 30 June 2012 are
expected to increase by between 24% and 31% over the prior year;
- Consolidated earnings per share for the continuing operations of
the Group for the year ending 30 June 2012, including capital
gains and losses on the disposal of assets, are expected to
increase by between 24% and 31% over the prior year;
- Consolidated headline earnings per share for the total operations
of the Group for the year ending 30 June 2012 are expected to
increase by between 24% and 31% over the prior year;
- Consolidated earnings per share for the total operations of the
Group for the year ending 30 June 2012, including capital gains
and losses on the disposal of assets, are expected to increase by
between 34% and 41% over the prior year.
Comparative numbers for continuing operations for the year ended 30 June
2011 will be restated to exclude the results of the Real Juice Co. Holdings
Proprietary Limited ("RJC") in line with the disclosure adopted for the year
ending 30 June 2012 and the intended disposal of RJC to Clover S.A.
Proprietary Limited ("Clover"), which is subject to approval of the South
African Competition Authorities. This will impact the previously disclosed
earnings per share from continuing operations as follows:
Impact of RJC restatement on earning per shares for continuing
operations
Unaudited
Year ended 30 June 2011
Previously Revised
disclosed
Headline earnings per 245.1
ordinary share 248.2
Earnings per ordinary share 243.0
242.9
It is expected that AVI will release its results for the year ending 30 June
2012 on 10 September 2012.
The information above has not been reviewed and reported on by the Group`s
auditors.
Illovo
21 June 2012
Sponsor The Standard Bank of South Africa Limited
Enquiries +(27) 11 502 1300
Date: 21/06/2012 09:44:06 Produced by the JSE SENS Department.
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