African Bank Investments Limited - Trading Statement And Cautionary Announcement
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
(Share code: ABL)(ISIN: ZAE000030060)
("ABIL" or "the company")
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
In terms of the revised Listings Requirements of the JSE Securities Exchange
South Africa ("JSE Listings Requirements"), listed companies are required to
publish a trading statement as soon as they become aware that the financial
results for the next reporting period will be materially different to that of
the previous corresponding period.
ABIL is currently finalising its results for the year ended 30 September 2003,
which are expected to be released on 17 November 2003.
Shareholders are advised that headline earnings per share for the second half of
2003 will be materially higher than the 58,8 cents per share reported for the
second half of 2002.("Materially" being an increase of between 10% and 30%, as
defined in paragraph 3.4(b) of the JSE Listings Requirements).
Similarly, the headline earnings per share for the twelve months ended 30
September 2003 will be substantially higher than the 104,4 cents per share
reported for the previous year. ("Substantially" being an increase of more than
30%, as defined in paragraph 3.4(b) of the JSE Listings Requirements).
The above earnings information has not been reviewed or reported on by the
company"s auditors. As a result, shareholders are advised to exercise caution
when dealing in ABIL shares until the publication of the annual results when
more detailed information will be provided.
Sandton
16 October 2003
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 16/10/2003 12:24:16 PM Supplied by www.sharenet.co.za
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