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ANS - Ansys Limited - Trading Statement

Release Date: 13/05/2011 12:40
Code(s): ANS
Wrap Text

ANS - Ansys Limited - Trading Statement ANSYS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1987/001222/06) (Share Code: ANS ISIN Code: ZAE000097028) ("Ansys" or "the Company") TRADING STATEMENT 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 in the process of finalising its results for the year ended 28 February 2011. It is anticipated, with a reasonable degree of certainty, that Ansys will reflect a basic loss per share of between 8.5 cents and 10.0 cents and a headline loss per share of between 3.5 cents and 4.5 cents (2010: basic loss per share of 11.1 cents and headline loss per share of 10.3 cents) for the year ended 28 February 2011. A large portion of the improvement in the headline loss per share is attributable to the disposal of the loss making division, Optocon Systems (Pty) Ltd ("Optocon"), during the course of the current financial year. The basic loss per share for the current financial year incorporates eight months of Optocon`s losses. The continueing operations is also anticipated to reflect an improvement from the prior year`s 6.0 cents loss per share to between a breakeven and 0.2 cents profit per share. The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. The company`s results for the year ended 28 February 2011 are expected to be released on SENS during the course of next week. 13 May 2011 Pretoria Designated Advisor Exchange Sponsors Date: 13/05/2011 12:40:02 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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