AECI Limited - Trading Statement
AECI LIMITED
(`AECI` or `the Company`)
(Incorporated in the Republic of South Africa)
Registration no. 1924/002590/06
Share code: AFE
ISIN code: ZAE000000220
TRADING STATEMENT
In terms of the revised Listings Requirements of the JSE Securities Exchange
South Africa, a listed company must publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported upon next will differ by at least 20 per
cent from that of the previous corresponding period.
AECI expects that for the six month period ending 30 June 2005, headline
earnings per ordinary share will be between 186 and 198 cents per share (i.e. 18
to 25 per cent higher than in the first half of 2004), and attributable earnings
per ordinary share will be between 176 and 188 cents per share. The difference
between the headline and attributable earnings per share is predominantly due to
a further transitional provision for post-employment medical aid benefits.
The main reasons for the increase in earnings are an improved performance by the
specialty fibres business, strong results from property activities and lower
financing costs.
The information in this trading statement has not been reviewed and reported on
by the auditors of the Company.
The results for the six month period ending 30 June 2005 will be published on 26
July 2005.
Sandton
1 July 2005
Sponsor
J.P. MORGAN EQUITIES LIMITED
Date: 01/07/2005 08:00:04 AM
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