AFE
AFE
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 Limited, 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 financial year ended 31 December 2005, headline
earnings per ordinary share will be between 470 and 490 cents per share (that
is, 20 to 25 per cent higher than in 2004), and attributable earnings per
ordinary share will be between 435 and 455 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 and
the costs of discontinuance of certain operations.
The main reasons for the increase in earnings are improved performance by the
explosives and specialty fibres businesses, and by 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 financial year ended 31 December 2005 will be published on
21 February 2006.
Sandton
2 February 2006
Sponsor
J.P. MORGAN EQUITIES LIMITED
Date: 02/02/2006 10:26:02 AM Produced by the JSE SENS Department
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