14th Oct 2010 09:30
AECI LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE ISIN No. ZAE000000220
("AECI" or "the Company")
TRADING STATEMENT
Shareholders are advised that AECI expects that its actual earnings per share ("EPS") and headline earnings per share ("HEPS"), for the full financial year ending 31 December 2010, will be at least 40% higher than those achieved for the full financial year ended 31 December 2009.
This forecast could be adversely impacted should the rand strengthen further off its current levels.
Once there is greater clarity on the specific range of the improvement in actual EPS and HEPS, a revised trading statement will be issued providing further guidance to shareholders prior to the publication of AECI's full-year financial results, which are expected to be released on SENS on or about Tuesday, 22 February 2011.
The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company's auditors.
Woodmead, Sandton14 October 2010Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
vendorRelated Shares:
Aeci 5 1/2% Prf