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AMALGAMATED ELECTRONIC CORP LIMITED - Voluntary trading statement

Release Date: 16/11/2015 11:45
Code(s): AER     PDF:  
Wrap Text
Voluntary trading statement

Amalgamated Electronic Corporation Limited
Incorporated in the Republic of South Africa
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE000070587
(“Amecor” or “the Company”)


VOLUNTARY TRADING STATEMENT


A review of the financial results for the six month period ended 30 September 2015 by
management has indicated that the earnings per share (“EPS”) and the headline earnings per
share (“HEPS”) are expected to be between 14.7 cents and 17.0 cents, reflecting an increase of
between 4% and 20% compared to the EPS of 14.2 cents and HEPS of 14.1 cents for the six
month period ended 30 September 2014.

The financial results for the six month period ended 30 September 2014 included non-core
operations which were disposed on the 31 March 2015 and therefore will be restated to reflect the
continuing operations of Amecor. As such management expects EPS and HEPS from continuing
operations for the six month period ended 30 September 2015 to be between 14.7 cents and 17.0
cents, reflecting an increase of between 34% and 54% compared to the prior period.

The financial information on which this voluntary trading statement is based has not been
reviewed or reported on by the Company’s auditors. Amecor’s financial results are expected to be
released on SENS on or about 3 December 2015.


Johannesburg
16 November 2015

Sponsor
Merchantec Capital

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