AGI
AGI
A G Industries Limited - Trading Update
A G INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1980/004051/06
JSE Code: AGI
ISIN: ZAE000039467
("the Company" or "the Group")
TRADING UPDATE
The Group is currently finalising its results for the six month period ended 31
December 2005. In terms of the Listing Requirements of the JSE Limited,
shareholders are advised that the anticipated headline earnings per share for
the six months ended 31 December 2005 will be 18% to 22% higher than the results
reported for the corresponding period in the previous year. The following is a
brief update on trading conditions during this reporting period.
The domestic market was robust with strong demand for products supplied by the
Group. Double digit volume growth resulted in a 15% increase in revenues. Gross
margins increased, and even with additional costs associated with various large
projects, operating margins also increased slightly. The Group forecasts that
domestic performance will remain strong for the next six month period.
Full details of the Company"s operations for the period and its prospects for
the second half of the 2006 financial year will be provided with the
announcement of the results for the period ended 31 December 2005, which will be
published on or about 7 March 2006.
10 February 2006
Johannesburg
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 10/02/2006 07:52:52 AM Produced by the JSE SENS Department
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