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ASO
ASO
ASO - Austro Group Limited - Trading Statement
Austro Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
Share code: ASO ISIN: ZAE000090882
("Austro" or "the Group")
TRADING STATEMENT
In terms of the Listing Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results for the period to be
reported upon next will differ by at least 20% from the financial results for
the previous corresponding period.
Accordingly, shareholders are advised that, for the six months ended 29 February
2012, Austro anticipates earnings per share and headline earnings per share to
be more than 20% lower compared to the previous corresponding period.
Some of the major negative variances affecting the comparison include an onerous
lease expense in respect of one of the Group`s premises; the impairment of
goodwill and a higher tax expense due to the Austro Wood (Pty) Ltd taxable loss
and the impact of not raising a deferred tax asset on the taxable loss.
29 February 2012 28 February
2011
Unaudited estimate Unaudited
(Loss)/earnings per share (cents) Between (34,3) and (40,3) 1.1
Headline (loss)/earnings per Between (3,1) and (3,7) 1.1
share (cents)
The financial information on which this trading statement has been prepared has
not been reviewed or reported on by Austro`s auditors.
Austro`s unaudited interim results for the six months ended 29 February 2012
will be released on SENS at the latest 30 May 2012.
16 May 2012
Sponsor
Java Capital
Date: 16/05/2012 17:28:01 Produced by the JSE SENS Department.
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