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")
Trading Update
Shareholders are advised that due to improved margins and the efficiencies
obtained from the AFGEM group restructuring (announced at the release of the
audited results for the year ended 31 March 2003 in June 2003), Afgem will
report a material increase in earnings and headline earnings per share for the
six months ended 30 September 2003 ("the interim results"), compared to the
corresponding interim period ended 30 September 2002.
The above forecast earnings information has not been reviewed or reported upon
by the company"s auditors. Accordingly, shareholders are advised to exercise
caution in their share dealings until the release of the interim results, which
is expected to be towards the end of November 2003.
Johannesburg
5 November 2003
Sponsor
Java Capital
Date: 05/11/2003 12:12:32 PM Supplied by www.sharenet.co.za
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