ACT 201409110039A
Trading statement
AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT, ISIN: ZAE000078416
(“AfroCentric” or “the Company”)
TRADING STATEMENT
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, a listed
company is required to issue a Trading Statement as soon as it is satisfied that a reasonable
degree of certainty exists that headline earnings per share and/or earnings per share, for the
next reporting period will differ by at least 20% from those of the previous corresponding
period.
Management has always been of the view that diluted earnings and diluted headline
earnings per share provides the most relevant measurement for the group's operational
performances, particularly in this period, given the number of shares issued during the year
for the second tranche payments and the redemption of the Preference shares. The
following guiding estimates are accordingly provided for the year ended 30 June 2014.
June 2014 June 2013
Guidance* cents per Share
Diluted headline earnings 65% to 70% increase 28.62
Diluted basic earnings 10% to 12 % increase 36.11
Headline earnings 0% to 2% decrease 48.15
Basic earnings # 30% to 35% decrease 60.75
*All based on weighted average number of shares in issue
# Decrease substantially arising from impairment of investment
The financial information on which this Trading Statement is based has not been reviewed or
reported on by Afrocentric's Auditors. The Audited Annual Financial Results for the year
ended 30 June 2014 are expected to be published on or about 30 September 2014.
Johannesburg
11 September 2014
Sponsor:
Sasfin Capital
(a division of Sasfin Bank Limited)
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