AVI Limited - Trading Statement For The Six Months Ended 31 December 2004
AVI Limited
(Formerly Anglovaal Industries Limited)
(Incorporated in South Africa)
(Registration number 1944/017201/06)
Share code: AVI
ISIN: ZAE000049433
(`AVI` or `the Group`)
TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2004
This trading statement has been released in terms of Section 3.4(b) of the
revised Listings Requirements of the JSE Securities Exchange South Africa, which
became effective on 1 December 2004.
Shareholders are advised that AVI`s earnings per share for the six months ended
31 December 2004 are expected to be between 140% and 145% higher than the
earnings per share reported for the six months ended 31 December 2003 (`the
corresponding period`). The main reason for this increase was the capital profit
achieved on the sale of Vector Logistics (Proprietary) Limited, the terms of
which were announced on Thursday, 2 December 2004.
Headline earnings per share are expected to be between 15% and 20% higher than
the headline earnings per share reported for the corresponding period.
The forecast financial information contained in this statement has not been
reviewed and reported on by AVI`s independent external auditors.
AVI will be releasing its results for the six months ended 31 December 2004 on
Wednesday, 9 March 2005.
Sandton
11 February 2005
ENQUIRIES:
Angus Band, Group Managing Director Tel: 011 779 2703
Rob Katzen, Group Financial Director Tel: 011 779 2704
Sam Denoon-Stevens, Investor Relations Officer Tel: 011 779 2721
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