Allied Electronics Corporation Limited - Trading S
ATN ATNP
ATN
Allied Electronics Corporation Limited - Trading Statement
Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code : ATN & ISIN: ZAE000029658
Share Code : ATNP & ISIN: ZAE000029666
("Altron" or "the company")
Trading Statement
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed
company is required to 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% from those of the
previous corresponding period.
The Altron group"s interim financial results for the six months ended 31 August
2006 are expected to be announced on or about 10 October 2006.
Shareholders are advised that a reasonable degree of certainty exists that the
company"s headline earnings per share and basic earnings per share for the half
year ended 31 August 2006 are expected to be between 45% to 55% higher as
against the previous corresponding period.
The key driver of the improved performance has been a significant increase in
demand for Altron"s infrastructure related products offered through our 100%
owned subsidiary, Powertech. This demand has been driven by requirements from
local government and parastatals as well as the underlying strength in the
building and construction sector. The restructuring process undertaken in the
previous financial year, that saw a reduction in Powertech"s cost base as a
result of our exit from certain loss making entities, has also contributed to
the current period"s growth.
This trading statement has not been reviewed or reported on by Altron"s external
auditors.
By order of the board.
Johannesburg
11 September 2006
Sponsor
Nedbank Capital
Date: 11/09/2006 05:00:07 PM Produced by the JSE SENS Department
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