To view the PDF file, sign up for a MySharenet subscription.

Afrox - Trading update

Release Date: 20/10/2006 15:00
Code(s): AFX
Wrap Text

Afrox - Trading update AFRICAN OXYGEN LIMITED (Incorporated in the Republic of South Africa) (Registration number 1927/000089/06) JSE Share code: AFX NSX Share code: AOX ISIN: ZAE000067120 ("Afrox" or "the company" or "the Group") AFROX TRADING UPDATE Afrox"s final results for the year ended 30 September 2006, which are prepared in accordance with IFRS, are expected to be released on 26 October 2006. In compliance with the Listings Requirements of the JSE Limited and in respect of the year ended 30 September 2006, the Group hereby advises shareholders that headline earnings per share are expected to be between 50% and 60% higher than those reported for the previous corresponding year. The main reason for the increase is due to the negative impact that the special dividend"s secondary tax charge had on the headline earnings per share in the previous corresponding year. The basic earnings per share are expected to be in the region of between 25% and 35% lower than those reported for the previous corresponding year. The reason for the decline in basic earnings per share is that the exceptional surplus in the previous corresponding year with the disposal of Afrox"s healthcare interest was not repeated to the same extent in the current year. Shareholders are advised that the forecast financial information contained in this trading update has neither been reviewed nor reported on by the company"s external auditors. Johannesburg 20 October 2006 Sponsor Barnard Jacobs Mellet Corporate Finance (Pty) Limited Date: 20/10/2006 03:00:12 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

Share This Story