African & Overseas Enterprises Limited - Trading S
African & Overseas Enterprises Limited - Trading Statement
AFRICAN & OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
(Share code: AOO ISIN: ZAE000000485)
(Share code: AON ISIN: ZAE000009718)
(Share code: AOVP ISIN: ZAE000000493)
("AOE" or "the company")
TRADING STATEMENT
AOE shareholders are referred to the trading statement, that was published
today, of the principal subsidiary of AOE, Rex Trueform Clothing Company Limited
("Rex Trueform").
In terms of the JSE Limited Listings Requirements ("the Listings Requirements"),
companies are required to publish a trading statement as soon as they are
reasonably certain that the financial results for the current reporting period
will be more than 20% different from that of the previous corresponding period.
The directors of Rex Trueform have considered the current performance of that
company and report as follows:
1. Trading results of the Queenspark retail segment for the first four months
of the current financial year have been below expectations both in terms of
volume and profit margin.
2. The manufacturing segment continues to operate at a loss during this
transitionary period.
In terms of the Listings Requirements, AOE accordingly advises that it expects
that earnings and headline earnings per share for the first six months of the
current financial year ending December 2005 are likely to be between 60% and 80%
below those of the comparative period of last year.
Shareholders are advised that the above information has not been reviewed or
reported on by AOE"s external auditors.
The company"s results for the six months ending 31 December 2005 are expected to
be published at the beginning of March 2006.
Cape Town
18 November 2005
Sponsor
Nedbank Capital
Date: 18/11/2005 05:05:03 PM Produced by the JSE SENS Department
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