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HWN - Howden Africa Holdings Limited - Chairman`s Statement at the AGM

Release Date: 11/06/2009 12:43
Code(s): HWN
Wrap Text

HWN - Howden Africa Holdings Limited - Chairman`s Statement at the AGM HOWDEN AFRICA HOLDINGS LIMITED (Incorporated in Republic of South Africa) (Registration Number 1996/002982/06) Share Code: HWN ISIN: ZAE000010583 ("HAHL") CHAIRMAN`S STATEMENT AT THE AGM After 5 months of the current financial year I am sure shareholders would wish me to update them regarding the present trading position. I am pleased to announce that despite the slowdown in the growth rate of the local economy order book levels have increased since the position reported at the end of December 2008. As reported previously, a number of orders have been converted in the recent past connected to Eskom`s new build program and this has contributed positively in neutralising shortfalls experienced by delays of some large value environmental tenders. While certain market segments served by Group companies continue to be depressed relative to levels experienced in the past, Group earnings remain in line with expectations. 11 June 2009 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd (Registration number 1970/003711/07) Date: 11/06/2009 12:43:01 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.

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