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13 Feb 2012 10:06
AECI LIMITEDIncorporated in the Republic of South Africa(Registration No. 1924/002590/06)Share code: AFE ISIN No. ZAE000000238("AECI" or "the Company")
TRADING STATEMENT
In compliance with the JSE Listings Requirements, shareholders are advised that, for the financial year ended 31 December 2011, AECI's actual earnings per share are expected to be between 27% and 32% higher than those achieved for the full financial year ended 31 December 2010 ("corresponding reporting period"). Headline earnings per share are expected to increase by between 22% and 27% from those of the prior corresponding reporting period.
The improvement is due to more favourable trading conditions in both the mining and manufacturing sectors, as well as the effects of the weaker rand against the US dollar in the last quarter of 2011.
AECI's full-year results for 2011 are expected to be released on SENS on or about Tuesday, 21 February 2012.
The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company's external auditors.
Woodmead, Sandton10 February 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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