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AH-VEST LIMITED - Initial trading statement

Release Date: 04/09/2015 16:00
Code(s): AHL     PDF:  
Wrap Text
Initial 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


INITIAL 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.

Shareholders are advised that the company expects to achieve a break-even position for
the year ended 30 June 2015 compared with a loss for the year ended 30 June 2014.

For the year ended 30 June 2014, the company recorded a loss and headline loss of (4.41)
cents per share and a continuing loss and headline loss of (5.34) cents per share.
Accordingly, an improvement of approximately 100% to a breakeven position is expected
although a range cannot yet be provided.

The company has improved its position following the successful relocation of the Tarlton
factory to Eikenhof as well as a substantial improvement in service delivery levels
compared to the prior year. New production lines have been commissioned at the new
Eikenhof factory as well as new products and product innovation.

The financial information, on which this trading statement is based, has not been reviewed
or reported on by the company’s auditors.

Johannesburg
4 September 2015

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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