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Trading Statement
Allied Technologies Limited
Member of the Altron Group
Incorporated in the Republic of South Africa
(Registration number 1946/020415/06)
Share Code : ALT
ISIN Number : ZAE000015251
(“Altech” or “the company”)
TRADING STATEMENT
Altech shareholders are referred to the SENS announcement published on 28
January 2013 regarding transactions relating to Altech’s telecommunications
network interests in East Africa and are advised that Altech’s results for
the second half of its current financial year continue to be adversely
affected by the challenges in the East African operations, pending the
fulfilment of the conditions precedent (regulatory approvals, etc.) relating
to this transaction, and its completion.
The remaining operations within Altech are performing satisfactorily.
Taking into account the expected loss on disposal referred to in the SENS
announcement, the company expects that its basic loss per share for the year
ending 28 February 2013 will be more than 200% higher and headline earnings
per share are expected to be more than 20% lower, respectively, than the
comparative figures for the previous financial year.
More specific earnings guidance will be provided as soon as there is
reasonable certainty as to the range by which earnings for the period have
been affected.
This trading statement has not been reviewed or reported on by Altech’s
external auditor.
JOHANNESBURG
31 January 2013
Sponsor
Investec Bank Limited
Date: 31/01/2013 04:45:00 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.
