Allied Electronics Corporation Limited - Trading S
Allied Electronics Corporation Limited - Trading Statement
Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code : ATN ISIN: ZAE000029658
Share Code : ATNP ISIN: ZAE000029666
(`Altron` or `the company`)
Trading Statement
Shareholders are advised that Altron expects that its basic earnings per share
for the six months ended 31 August 2005, will exceed those as published for the
previous corresponding period by between 155% and 165%. This increase includes
the impact of adopting International Financial Reporting Standards (`IFRS`) as
well as the change in accounting standards, in terms of which goodwill is now
subject to impairment rather than amortisation.
In restating the previous corresponding period`s results to comply with IFRS,
the increase in basic earnings per share compared to the restated figure for the
previous period, will be between 120% and 130%. Basic earnings per share for the
previous corresponding period increase from 32,3 cents to 37,2 cents as a result
of this restatement.
The information contained in this trading statement has not been reviewed or
reported on by Altron`s external auditors.
Altron`s interim financial results for the six months ended 31 August 2005,
which will contain details of the impact of adopting IFRS, are expected to be
announced on or about 11 October 2005.
By order of the board.
Johannesburg
12 September 2005
Sponsor
Nedbank Capital
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