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ANS - Ansys Limited - Trading Update

Release Date: 22/10/2009 15:45
Code(s): ANS
Wrap Text

ANS - Ansys Limited - Trading Update ANSYS LIMITED (Formerly Ansys Integrated Systems (Pty) Limited) (Incorporated in the Republic of South Africa) (Registration number 1987/001222/06) JSE Share code: ANS & ISIN: ZAE000097028 ("Ansys" or the Company) TRADING UPDATE In terms of the Listings Requirements of the JSE Limited ("JSE"), companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by 20% or more from the financial results for the previous corresponding period. Shareholders are advised that Ansys is currently finalising its interim results for the six months ended 31 August 2009 and it is expected that Ansys` earnings and headline earnings per share will be a loss of between 0.7 cents and 1.7 cents per share, which represents an improvement from the prior year`s interim results of between 65% and 85%. The financial information on which this trading statement is based has not been reviewed by Ansys` auditors. Ansys specialises in the design and integration of monitoring and control systems for the transport, industrial and defence sectors, with most of its revenue obtained through the tender process. As a result of the usual delay in the award of tenders in the first half of the year, project revenue is also expected to be higher in the second half of the financial year than in the first half. The interim results for the six months ended 31 August 2009 are expected to be published on SENS on 03 November 2009. 22 October 2009 Johannesburg Designated Adviser Exchange Sponsors Date: 22/10/2009 15:45:13 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.