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ANS - Ansys Limited - Trading update

Release Date: 19/10/2011 07:15
Code(s): ANS
Wrap Text

ANS - Ansys Limited - Trading update ANSYS LIMITED (Formerly Ansys Integrated Systems (Pty) Limited) (Incorporated in the Republic of South Africa) (Registration number 1987/001222/06) JSE Share code: ANS ISIN: ZAE000097028 ("Ansys" or the "Company") TRADING UPDATE In terms of the Listings Requirements of the JSE Limited, 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 finalising its interim results for the period ended 31 August 2011. Ansys` earnings per share and headline earnings per share for the period are expected to be between 3.72 and 4.47 cents per share compared to the previous year`s 0.21 cents per share. The financial information on which this trading statement is based has not been reviewed or reported on by Ansys` auditors. The expected increase in earnings is mainly attributable to Ansys` ability to contain costs and improved gross profit margins. The absence of discontinued operations also resulted in a significant improvement in earnings and headline earnings per share. The Company expects the recovery in performance to continue in the second half of the year through the execution of current orders and continued sales, particularly the Continuous Rope Monitoring System, which is now in continuous production. The results for the period ended 31 August 2011 are expected to be published on SENS on 19 October 2011. 19 October 2011 Johannesburg Designated Adviser Exchange Sponsors Date: 19/10/2011 07:15:01 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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