AFGEM - Trading Update
African Gem Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/007292/06)
Share code: AFG
ISIN: ZAE000025540
CUSIP code (Level 1 ADR programme): 008283103
("AFGEM" or "the company")
At the presentation of the company"s interim results on 12 November 2002, AFGEM
indicated the sensitivity of its earnings to the Rand/US Dollar exchange rate.
Given the significant appreciation of the Rand against the US Dollar, earnings
of the company will be negatively affected for the year ended 31 March 2003. The
effect on bottom line earnings is expected to be considerable.
The final audited results for the year ended 31 March 2003 will be released mid
June 2003.
Johannesburg
19 May 2003
Date: 19/05/2003 11:30:27 AM Supplied by www.sharenet.co.za
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