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Altech 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
Shareholders are referred to the Altech trading statement published
on SENS on 31 January 2013. Altech is currently finalising its
results for the financial year ended 28 February 2013 and
shareholders are advised that the company’s headline earnings and
adjusted headline earnings per share are expected to be between 20%
and 27% lower than the corresponding figures for the financial year
ended 29 February 2012 (“the previous financial year”). These
reductions are primarily due to poor results in Altech’s East and
West African operations, both of which have been disposed of with
effect from 28 February 2013.
The remaining operations within Altech are performing satisfactorily.
In addition, due to the impairments in respect of Altech’s East and
West African operations, losses arising from the disposal of these
operations, and their poor trading results referred to above,
Altech’s basic earnings per share are expected to reflect a loss of
between 950 cents and 970 cents, compared to a loss of 283 cents in
the prior year.
The financial information on which this trading statement is based
has not been reviewed or reported on by Altech’s external auditor.
Altech’s results for the year ended 28 February 2013 are expected to
be published on or about 24 April 2013.
Johannesburg
12 April 2013
Sponsor
Investec Bank Limited
Date: 12/04/2013 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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