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ALERT STEEL HOLDINGS LIMITED - TRADING STATEMENT

Release Date: 20/03/2013 11:56
Code(s): AET     PDF:  
Wrap Text
TRADING STATEMENT

ALERT STEEL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/005144/06)
JSE code: AET
ISIN: ZAE000092847
(Alert Steel or the Company)

TRADING STATEMENT

      
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE 
Limited, companies are required to publish a trading statement as soon 
as they become reasonably certain that the financial results for the 
period to be reported on next will differ by at least 20% from those 
of the previous corresponding period.                    

Alert Steel is in the process of completing the preparation of its 
results for the half year ended 31 December 2012. Accordingly, 
shareholders are advised that:  
                                  
* Despite difficult trading conditions and working capital constraints 
the results show an improvement in loss per share (LPS) of between 
62% and 69% to a loss of between 0.6 and 0.8 cents per share (December 
2011: LPS of 2.0 cents per share). 

* Headline loss per share (HLPS) has improved between 67% and 73% to 
a loss of between 0.5 to 0.7 cents per share (December 2011: HLPS of 
2.0 cents per share). 

Shareholders are advised that the information included in this 
announcement has not been reviewed or reported on by the Company`s 
auditors. 

The results for the six months ended 31 December 2012 are expected 
to be released at the end of March 2013.
     

Pretoria
20 March 2013

Designated Advisor
Exchange Sponsors

   

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