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AH-VEST LIMITED - Further Trading Statement

Release Date: 29/09/2015 16:29
Code(s): AHL     PDF:  
Wrap Text
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 4 September 2015, shareholders are advised that the
company now expects to report a profit after taxation for the year ended 30 June 2015 compared
with a loss for the year ended 30 June 2014.

For the year ended 30 June 2015, the company expects to report total earnings and headline earnings
of 1.36 cents per share and a continuing earnings and headline earnings of 1.90 cents per share. 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
131% and 135% respectively is expected.

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
29 September 2015

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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