AFE - AECI - Trading Statement
("AECI" or "the Company")
(Incorporated in the Republic of South Africa)
(Registration No. 1924/002590/06)
Share code: AFE
ISIN code: ZAE000000220
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
AECI expects that for the half year ending 30 June 2007, headline and
attributable earnings per ordinary share will be between 265 and 235 cents per
share. This is 30 to 38 per cent lower than the 378 and 376 cents per share
respectively reported in the first half of 2006.
Earnings in the first half of 2006 were boosted by the gain on disposal of the
Company`s Milnerton site which contributed some 200 cents to earnings per share
in that period. No comparable transaction has taken place in the current
The information in this trading statement has not been reviewed and reported on
by the auditors of the Company.
The results for the half year ending 30 June 2007 will be published on 24 July
29 June 2007
J.P. MORGAN EQUITIES LIMITED
Date: 29/06/2007 07:30:02 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department .