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APK - Astrapak Limited - Trading statement financial year ended 28 February 2011

Release Date: 08/04/2011 16:20
Code(s): APK
Wrap Text

APK - Astrapak Limited - Trading statement financial year ended 28 February 2011 ASTRAPAK LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1995/009169/06) ISIN: ZAE000096962 Share Code: APK ("Astrapak" or "the Group") TRADING STATEMENT - FINANCIAL YEAR ENDED 28 FEBRUARY 2011 In terms of the Listings Requirements of the JSE, a company is required to publish a trading statement as soon as the company is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% or more from those of the corresponding reporting period of the previous year. The forecasts in respect of the financial year ended 28 February 2011 on which this trading statement is based, has not yet been reviewed, audited or reported on by the Group`s external auditors and the following trading statement is therefore based on the information available at the time of this announcement. The Board therefore advises shareholders of Astrapak that: - Headline earnings per share ("HEPS") from both continuing and discontinued operations is expected to be between 30% and 35% lower than that reported for the financial year ended 28 February 2010 ("comparative period"), which will result in anticipated HEPS of between 76.2 cents and 70.8 cents (2010: 108.9 cents); - HEPS from continuing operations expected to be between 35% and 40% lower than that reported in the comparative period, which will result in anticipated HEPS of between 76.0 cents and 70.1 cents (2010: 116.9 cents); - Earnings per share ("EPS") from both continuing and discontinued operations is expected to be between 15% and 20% lower than that reported in the comparative period, which will result in anticipated EPS of between 76.6 cents and 72.1 cents (2010: 90.1 cents); - EPS from continuing operations is expected to be between 30% and 35% lower than that reported in the comparative period, which will result in anticipated EPS from continuing operations of between 76.4 cents and 71.0 cents (2010: 109.1 cents). Net Asset Value per share is expected to be between 5% and 10% higher than that reported in the comparative period, which will result in anticipated Net Asset Value of between 889 cents and 849 cents (2010: 808 cents). The Group`s results for the financial year ended 28 February 2011 are expected to be finalised and released on SENS on or about Monday 9 May 2011. Sandton 8 April 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 08/04/2011 16:20:02 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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