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AUSTRO GROUP LIMITED - Trading Statement

Release Date: 05/11/2012 16:10
Code(s): ASO     PDF:  
Wrap Text
Trading Statement

AUSTRO GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
Share code: ASO ISIN: ZAE000090882
(“Austro” or the “Group”)

TRADING STATEMENT

In terms of the Listing 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 upon next will differ by at least 20% from the financial results for the previous
corresponding period.

Accordingly, shareholders are advised that, for the year ended 31 August 2012, Austro anticipates earnings
per share and headline earnings per share to be more than 20% lower compared to the previous year.

Some of the major negative variances affecting the comparison include an onerous lease expense in respect
of one of the Groups' premises, an increase in inventory provision and the impairment of goodwill. No
additional goodwill impairment is required when compared to the impairment reported in respect of the six
months ended 29 February 2012.

                                                                31 August 2012                31 August 2011
                                                             Reviewed estimate                      Audited
(Loss)/earnings per share (cents)                    Between (36,1) and (42,1)                          1.5
Headline (loss)/earnings per share (cents)             Between (4,9) and (5,7)                          1.6

Austro’s reviewed condensed results for the year ended 31 August 2012 will be released on SENS at the
latest 29 November 2012.

5 November 2012

Sponsor
Java Capital

Date: 05/11/2012 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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