Go Back Email this Link to a friend


Aeci Limited - Trading Statement

Release Date: 06/12/2006 17:15:01      Code(s): 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 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.