AFG
AFG
Afgem Limited - Trading Statement
Afgem Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/007292/06)
JSE share code: AFG & ISIN: ZAE000067757
("Afgem" or "the Company")
Formerly African Gem Resources Limited
TRADING STATEMENT
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited,
companies are required to release a trading statement as soon as they become
reasonably certain that the financial results for the period to be reported on
next will differ by more than 20% from those of the previous corresponding
reporting period.
Afgem is currently finalising its annual results for the year ended 31 March
2006, which should be released on SENS by 30 June 2006. Shareholders are advised
that Afgem will be reporting a headline loss of between 1 and 3 cents per share
(15 months ended 31 March 2005: headline loss of 1.50 cents per share) and loss
of between 3 and 5 cents per share (15 months ended 31 March 2005: earnings of
56.20 cents per share). The financial information on which this trading
statement is based has not been reviewed and reported on by the Company"s
auditors.
Melrose Arch
15 June 2006
Sponsor
Absa Capital - Corporate Finance
A division of Absa Bank Limited
Reg. No. 1986/004794/06)
Date: 15/06/2006 12:34:13 PM Produced by the JSE SENS Department
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