Amalgamated Appliance Holdings Limited - Trading S
AMA
AMA
Amalgamated Appliance Holdings Limited - Trading Statement
Amalgamated Appliance Holdings Limited
Incorporated in the Republic of South Africa
Registration number 1997/004130/06
Share code: AMA ISIN: ZAE000012647
("AMAP" or "the company")
Trading Statement
The directors of AMAP hereby notify shareholders that the company"s earnings and
headline earnings per share for the six months ended 31 December 2005 are
expected to be reported at approximately 4% lower than the earnings and headline
earnings per share for the six months ended 31 December 2004. This decline is
largely the result of a R22 million after tax favourable currency adjustment in
the previous period, determined in accordance with AC133 and AC112, which did
not reoccur. Despite the deflationary effect on consumer electronics pricing,
operating profit for the period increased approximately 22%.
In compliance with the JSE Listings Requirements, the financial results of AMAP
for the six months ended 31 December 2005 will be prepared for the first time in
accordance with International Financial Reporting Standards and the prior
period"s results will be restated on the same basis. We do not expect this
restatement to have a material effect on the comparisons above.
The financial information on which this trading statement is based has not been
reviewed or reported on by AMAP"s auditors and is expected to be published not
later than 24 February 2006.
Johannesburg
18 January 2006
Sponsor: Bridge Capital Services (Pty) Limited
Date: 18/01/2006 02:48:03 PM Produced by the JSE SENS Department
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