AFX - Afrox - Announcement
AFRICAN OXYGEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE code: AFX
NSX code: AOX
("Afrox" or "the company" or "the Group")
This announcement relates to the actual results for the third quarter ended 30
September 2008, and must be read in conjunction with the Interim results
announcement for the six months ended 30 June 2008, where it is stated that the
outlook is expected to improve in the second half of 2008.
The three months ended 30 September 2008 were characterised by a challenging
operating environment as a result of the general slowdown in the economic
conditions in South Africa.
These factors did not prevail at the time Afrox issued its Interim results
announcement for the six months ended 30 June 2008. Given the current market
conditions, Afrox expects the negative trend experienced to continue beyond the
In response the company has implemented strategies to identify, manage and
reduce risk posed by uncertainties of the global economic climate.
24 November 2008
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 24/11/2008 13:00:01 Supplied by www.sharenet.co.za
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