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Further Trading Statement
AH-VEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
(“AH-Vest” or “the company”)
Share code: AHL ISIN code: ZAE000129177
FURTHER TRADING STATEMENT
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg Stock
Exchange, 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.
Further to the initial trading statement issued on 6 June 2014, shareholders are advised
that the company will experience a loss for the year ended 30 June 2014 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 4.35 cents to 4.45 cents per share.
The delay in the factory move and increased costs due to, inter alia, the Government
introducing import duties on tomato paste, raw material price increases, a substantial
decline in the exchange rate, increased transportation costs and duplication of factory
costs whilst new lines are being commissioned in the new factory are some of the main
reasons for the decline in profitability and steps have been taken, where possible, to
address these issues. These steps were evidenced in April 2014 and have continued after
year end.
The financial information, on which this trading statement is based, has not been
reviewed or reported on by the company’s auditors.
Johannesburg
26 September 2014
Designated Advisor
Arcay Moela Sponsors Proprietary Limited
trading as Arbor Capital Sponsors
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