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: ZAE00000020
TRADING STATEMENT
In terms of the 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 year ending 31 December 2006, headline and
attributable earnings per ordinary share will be between 810 and 880 cents per
share (that is, 68 to 83 per cent higher than in 2005).
The major reasons for the expected increase in earnings are the disposal of 61
hectares of industrial land at Milnerton in the Western Cape for R260 million as
reported in the first half year; a strong trading performance by Chemical
Services; and the previously announced arrangement entered into with the AECI
Pension Fund which is estimated to add some 200 cents per share to earnings in
the 2006 financial year.
The information in this trading statement has not been reviewed and reported on
by the auditors of the Company.
The results for the year ending 31 December 2006 will be published on 20
February 2007.
Sandton
6 December 2006
Sponsor
JP MORGAN EQUITIES LIMITED
Date: 06/12/2006 05:15:03 PM Produced by the JSE SENS Department
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