| Mon 23 Feb 2015, 11:17 | | AFRICAN AND OVERSEAS ENTERPRISES LD - Trading statement |
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AON AOO AOVP 201502230027A
Trading statement
AFRICAN & OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO ISIN: ZAE000000485
JSE share code: AON ISIN: ZAE000009718
JSE share code: AOVP ISIN: ZAE000000493
(“AOE”)
TRADING STATEMENT
In terms of the Listing Requirements of the JSE Limited, companies are required to publish a trading statement as
soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting
period will differ by at least 20% from the financial results for the previous corresponding period.
Accordingly, shareholders are advised that:
1. AOE’s earnings per share are expected to improve by at least 345%, from losses per share of 18.9 cents for the
six months ended 31 December 2013 to earnings per share of at least 46.3 cents for the six months ended 31
December 2014 (which amount takes into account the profit earned by AOE’s subsidiary, Rex Trueform
Clothing Company Limited, in respect of the sale of one of its properties); and
2. AOE’s headline earnings per share are expected to improve by at least 233%, from headline losses per share of
23.1 cents for the six months ended 31 December 2013 to earnings per share of at least 30.7 cents for the six
months ended 31 December 2014 (which amount does not take into account the profit earned by AOE’s
subsidiary, Rex Trueform Clothing Company Limited, in respect of the sale of one of its properties).
Shareholders are further advised that while AOE has moved to a profit making position in the current reporting
period from a loss making position in the previous corresponding period, it does not have reasonable certainty to
provide guidance as to either the specific percentage and numbers, or the range and numbers, to describe the
difference in the financial results in such periods. Once AOE obtains reasonable certainty in this regard it will issue a
further trading statement.
The information on which this trading statement has been based has not been reviewed or reported on by AOE’s
auditors.
23 February 2015
Sponsor
Java Capital
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