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Initial Trading Statement
AH-VEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
Share code: AHL ISIN code: ZAE000129177
INITIAL TRADING STATEMENT
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE Limited, listed
companies are required to publish a trading statement as soon as they become reasonably
certain that the financial results for the next period to be reported on will be more than 20%
different from those of the previous corresponding period or from a profit forecast previously
provided to the market in relation to such period.
A review of the financial results for the year to date for the period ending 30 June 2014 has
indicated that the company will experience a loss for the year then ended compared with a
profit for the 15 month period ended 30 June 2013. Accordingly, the basic earnings per
share and the headline earnings per share are expected to decrease to a loss or headline
loss of between 10 cents to 12 cents per share.
The delay in the factory move and increased costs due to, inter alia, the Government
introducing import duties on tomato paste, a substantial decline in the exchange rate and
increased transportation costs are some of the main reasons for the decline in profitability
and steps are being taken, where possible, to address these issues. These steps were
evidenced in April 2014.
This is an initial trading statement based on the results achieved to 30 April 2014, with a
breakeven situation expected for May and June 2014 and accordingly this range may
change. A further trading statement will be issued in due course.
The financial information, on which this trading statement is based, has not been reviewed or
reported on by the company’s auditors.
Johannesburg
6 June 2014
Designated Advisor
Arcay Moela Sponsors Proprietary Limited
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