AMALGAMATED BEVERAGE INDUSTRIES LIMITED - TRADING STATEMENT - CLARIFICATION
AMALGAMATED BEVERAGE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1970/006820/06)
Share code: ABI
ISIN number: ZAE000000048
("ABI")
TRADING STATEMENT - CLARIFICATION
Reference is made to the trading statement released this morning on SENS
regarding ABI"s expectation that earnings for the six months ending 30 September
2003 will be materially higher than for the comparative six months period.
"Materially" is defined by the JSE Securities Exchange Listings Requirements as
being between 10% and 30%.
The earnings and headline earnings of the comparative six month period, referred
to in the trading statement are the adjusted earnings and headline earnings
reported for the six months ending 30 September 2002, that is, earnings and
headline earnings excluding the positive effect of the R69 million deferred tax
adjustment arising from an assessed tax loss within New Age Beverages. These
adjusted figures of R101 million (earnings) and R140 million (headline earnings)
better reflected ABI"s underlying trading performance.
The interim report to be released on 31 October 2003 is not expected to include
any such once-off tax adjustments and the trading statement was released today
to provide guidance on comparable trading performances.
By order of the Board
Johannesburg,
South Africa
23 September 2003
Sponsor
Cazenove
Date: 23/09/2003 05:57:22 PM Produced by the JSE SENS Department
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