Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE ISIN No. ZAE000000220
(AECI or the Company)
FURTHER TRADING STATEMENT
In compliance with the JSE Listings Requirements and following the guidance
provided to the market in the Stock Exchange News Service (SENS) announcement
dated 31 May 2013, shareholders are advised that, for the six months to 30 June
2013 (the period), AECIs earnings per share (EPS) are expected to be between
190% and 200% higher and headline earnings per share (HEPS) between 230%
and 240% higher than the prior corresponding period. As indicated in the
announcement of 31 May 2013 the improvement is due mainly to the following:
- the non-recurrence of the R138 million (123 cents per share) once-off, non-
cash IFRS 2 charge associated with the AECI Community Education and
Development Trust established as part of the Companys Broad-based Black
Economic Empowerment transactions effected in the prior corresponding
- an improved year-to-date performance from AEL Mining Services Limited, a
principal subsidiary, as well the non-recurrence of costs incurred by this
business during the first half of 2012 as a result of ammonia and ammonium
nitrate supply constraints.
AECIs results for the period are expected to be released on SENS on or about
Wednesday, 24 July 2013.
The forecast financial information on which this trading statement is based has not
been reviewed and reported on by the Companys external auditors.
18 July 2013
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 18/07/2013 08:21:00 Supplied by www.sharenet.co.za
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