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AMA - Amalgamated Appliance Holdings Limited - Trading Statement

Release Date: 22/02/2012 09:23
Code(s): AMA
Wrap Text

AMA - Amalgamated Appliance Holdings Limited - Trading Statement Amalgamated Appliance Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1997/004130/06) Share code: AMA & ISIN: ZAE000012647 ("AMAP" or "the Group") TRADING STATEMENT In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited and further to the SENS announcement dated 23 December 2011, shareholders are advised that for the six months ended 31 December 2011, the Group expects to release unaudited earnings per share ("basic EPS") and headline earnings per share ("HEPS") within the ranges shown below. Group Results Expected Ranges Actual Cents December 2011 December 2010 Basic EPS 25,0 - 30,0 12,6 HEPS 25,0 - 30,0 12,6 The above results include an arbitration award handed down in favour of AMAP in respect of a claim by AMAP`s subsidiary, Tedelex Trading (Pty) Limited, against Battery Technologies (Pty) Ltd. The claim arose following the cancellation of orders of batteries supplied to Tedelex Trading (Pty) Limited on the basis that the batteries did not meet specification requirements. The award is an amount of R28,8 million before tax. The financial information on which this trading statement is based has not been reviewed or reported on by the Group`s auditors. The Group`s unaudited results for the period ended 31 December 2011 are expected to be published on or about 5 March 2012. Johannesburg 22 February 2012 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 22/02/2012 09:23:01 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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