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AFRICAN & OVERSEAS ENTERPRISES LIMITED - Further trading statement

Release Date: 26/09/2019 07:05
Code(s): AOVP AON AOO     PDF:  
Wrap Text
Further trading statement

AFRICAN AND OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO ISIN: ZAE000000485
JSE share code: AON ISIN: ZAE000009718
JSE share code: AOVP ISIN: ZAE000000493
("AOE")


FURTHER TRADING STATEMENT


Shareholders are referred to the trading statement released on SENS on 21 August 2019 wherein AOE advised
shareholders that:

1.   Earnings per share ("EPS") for the year ended 30 June 2019 were expected to be between 129.5 cents and
     139.5 cents per share, being an increase of between 158.5% and 178.5% from earnings of 50.1 cents per share
     reported by AOE for the year ended 30 June 2018; and

2.   Headline earnings per share ("HEPS") for the year ended 30 June 2019 were expected to be between a loss of
     3 cents per share and a profit of 7 cents per share, being a decrease of between 106% and 86% from headline
     earnings of 50.2 cents per share reported by AOE for the year ended 30 June 2018.

AOE is now in a position to advise that EPS for the year ended 30 June 2019 will be 176.7 cents per share, being an
increase of 252.7% compared to the earnings of 50.1 cents per share reported by AOE for the year ended 30 June
2018 and that HEPS for the year ended 30 June 2019 will be 44.1 cents per share, being a decrease of 12.2%
compared to the headline earnings of 50.2 cents per share reported by AOE for the year ended 30 June 2018.

The reason for the change in EPS and HEPS compared to what was disclosed in the trading statement released on
21 August 2019 is due to the finalisation of the review of the financial results for the year and in particular the
group’s investment in SA Water Works Holding Company (RF) Proprietary Limited.

The information on which this trading statement has been based has not been reviewed or reported on by AOE’s
auditors. The financial results for the year ended 30 June 2019 are expected to be published on or about 30
September 2019.

25 September 2019


Sponsor

Java Capital

Date: 26/09/2019 07:05:00
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