Amalgamated Beverage Industries Limited - Trading Statement and Cautionary
Announcement
Amalgamated Beverage Industries Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1970/006820/06)
Share code: ABI
ISIN number: ZAE000000048
("ABI" or "the company")
Trading Statement and Cautionary Announcement
This Trading Statement and Cautionary Announcement is issued in accordance with
the revised JSE Securities Exchange Listings Requirements ("the revised JSE
requirements"), which became effective on 1 September 2003.
Trading Statement
ABI"s headline earnings, adjusted for the deferred tax asset reported in the
previous financial period, will be materially higher (as defined in the revised
JSE requirements) than were achieved in the comparative twelve months. A
deferred tax asset of R69million was recognized in the 2003 financial
statements, arising from a subsidiary"s assessed losses in prior years.
The main reason for the improvement in earnings is volume growth, particularly
over the peak festive period. Continued overhead productivity gains and
management of input costs will also contribute to the improvement.
Cautionary Announcement
The above earnings information has not been reviewed and reported on by a
reporting accountant. Shareholders are therefore advised to exercise caution
when dealing in the company"s shares until the publication of the company"s
preliminary results on 30 April 2004.
By order of the Board
Johannesburg, South Africa
23 March 2004
Sponsor
Cazenove
Date: 23/03/2004 09:00:19 AM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
