To view the PDF file, sign up for a MySharenet subscription.

AVI - AVI Limited - Trading update and statement for the year ending 30 June

Release Date: 21/06/2012 09:44
Code(s): AVI
Wrap Text

AVI - AVI Limited - Trading update and statement for the year ending 30 June 2012 AVI Limited (Registration number 1944/017201/06) Share code: AVI ISIN: ZAE000049433 ("AVI" or "the Group") TRADING UPDATE AND STATEMENT FOR THE YEAR ENDING 30 JUNE 2012 Based on the Group`s aggregated trading performance for the eleven months to May 2012 and the latest estimate for June 2012 we are required to issue the following statement in accordance with Section 3.4 (b) of the Listings Requirements of the JSE Limited: - Consolidated headline earnings per share for the continuing operations of the Group for the year ending 30 June 2012 are expected to increase by between 24% and 31% over the prior year; - Consolidated earnings per share for the continuing operations of the Group for the year ending 30 June 2012, including capital gains and losses on the disposal of assets, are expected to increase by between 24% and 31% over the prior year; - Consolidated headline earnings per share for the total operations of the Group for the year ending 30 June 2012 are expected to increase by between 24% and 31% over the prior year; - Consolidated earnings per share for the total operations of the Group for the year ending 30 June 2012, including capital gains and losses on the disposal of assets, are expected to increase by between 34% and 41% over the prior year. Comparative numbers for continuing operations for the year ended 30 June 2011 will be restated to exclude the results of the Real Juice Co. Holdings Proprietary Limited ("RJC") in line with the disclosure adopted for the year ending 30 June 2012 and the intended disposal of RJC to Clover S.A. Proprietary Limited ("Clover"), which is subject to approval of the South African Competition Authorities. This will impact the previously disclosed earnings per share from continuing operations as follows: Impact of RJC restatement on earning per shares for continuing operations
Unaudited Year ended 30 June 2011 Previously Revised disclosed
Headline earnings per 245.1 ordinary share 248.2 Earnings per ordinary share 243.0 242.9
It is expected that AVI will release its results for the year ending 30 June 2012 on 10 September 2012. The information above has not been reviewed and reported on by the Group`s auditors. Illovo 21 June 2012 Sponsor The Standard Bank of South Africa Limited Enquiries +(27) 11 502 1300 Date: 21/06/2012 09:44:06 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.

Share This Story