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ART - Argent Industrial Limited - Trading Statement

Release Date: 09/10/2009 13:43
Code(s): ART
Wrap Text

ART - Argent Industrial Limited - Trading Statement Argent Industrial Limited (Incorporated in the Republic of South Africa) Registration number 1993/002054/06 ISIN: ZAE000019188 JSE Share code: ART TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will differ by more than 20% from those of the previous corresponding period. Argent accordingly advises that it expects the Group`s headline earnings per share for the half year ended 30 September 2009 to be between 90% and 99% lower compared to the previous corresponding period. This equates to a headline earnings per share of between 11.0 and 1.1 cents per share, compared to headline earnings of 109,7 cents per share for the previous corresponding period. Earnings per share for the half year ended 30 September 2009 are estimated to be between 91% and 100% lower compared to the previous corresponding period. This equates to an earnings per share of between 9.6 and 0.0 cents per share, compared to earnings of 106.9 cents per share for the previous corresponding period. Trading during the period proved to be very difficult as a result of the global economic recession, the worst seen in many years. The above information has not been reviewed or reported on by the Group`s external auditors. It is anticipated that the results for the half year ended 30 September 2009 are to be published on or about 25 November 2009. Umhlanga 9 October 2009 Sponsor: Investec Bank Limited Date: 09/10/2009 13:43:01 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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