AFX
AFX
Afrox - Trading update
AFRICAN OXYGEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE Share code: AFX
NSX Share code: AOX
ISIN: ZAE000067120
("Afrox" or "the company" or "the Group")
AFROX TRADING UPDATE
Afrox"s final results for the year ended 30 September 2006, which are
prepared in accordance with IFRS, are expected to be released on 26
October 2006.
In compliance with the Listings Requirements of the JSE Limited and in
respect of the year ended 30 September 2006, the Group hereby advises
shareholders that headline earnings per share are expected to be between
50% and 60% higher than those reported for the previous corresponding
year. The main reason for the increase is due to the negative impact that
the special dividend"s secondary tax charge had on the headline earnings
per share in the previous corresponding year. The basic earnings per
share are expected to be in the region of between 25% and 35% lower than
those reported for the previous corresponding year. The reason for the
decline in basic earnings per share is that the exceptional surplus in
the previous corresponding year with the disposal of Afrox"s healthcare
interest was not repeated to the same extent in the current year.
Shareholders are advised that the forecast financial information
contained in this trading update has neither been reviewed nor reported
on by the company"s external auditors.
Johannesburg
20 October 2006
Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 20/10/2006 03:00:12 PM Produced by the JSE SENS Department
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