ACT 201802230020A
Trading statement
AFROCENTRIC INVESTMENT CORPORATION LIMITED
Incorporated in the Republic of South Africa
Registration Number: 1988/000570/06
JSE Code: ACT
ISIN: ZAE 000078416
(“AfroCentric”)
TRADING STATEMENT
In terms of paragraph 3.4(b)(i) of the JSE Limited Listings Requirements, companies are required to
provide guidance to the market when they are satisfied that a reasonable degree of certainty exists
that the financial results for the current reporting period to be reported on, will differ by at least 20%
from the previous corresponding reporting period.
Accordingly, AfroCentric shareholders are advised that ;
- diluted earnings per share for the six month period ended 31 December 2017 (“current reporting
period”) is expected to be between 21.18 cents and 22.05 cents, reflecting an increase of
between 21.68% and 26.68% in comparison to the 17.41 cents per share reported in the
previous corresponding period
- diluted headline earnings per share for the current reporting period is expected to be between
21.24 cents and 22.10 cents reflecting an increase of between 22.11% and 27.11% in
comparison to the 17.39 cents per share reported in the previous corresponding period.
- basic earnings per share for the current reporting period is expected to be between 21.17 cents
and 22.08 cents reflecting an increase of between 16.10% to and 21.10% in comparison to the
18.23 cents per share reported in the previous corresponding period; and
- headline earnings per share for the current reporting period is expected to be between 21.21
cents and 22.13 cents reflecting an increase of between 16.50% to 21.50% in comparison to the
18.21 cents per share reported in the previous corresponding period.
The financial results on which this trading statement is based have not been reviewed or reported on
by AfroCentric’s external auditors.
The interim financial results are scheduled to be published on or about 20 March 2018.
Johannesburg
23 February 2018
Sponsor
Sasfin Capital (a member of the Sasfin group)
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