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AVENG LIMITED - Updated trading statement

Release Date: 14/08/2024 16:26
Code(s): AEG     PDF:  
Wrap Text
Updated trading statement

AVENG LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1944/018119/06)
ISIN: ZAE000302618
SHARE CODE: AEG
("Aveng" or "the Group")


UPDATED TRADING STATEMENT


This trading statement is in accordance with paragraph 3.4 (b) of the JSE Listings Requirements, which
requires issuers 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 on will differ by at least 20%
from those of the prior comparative period.

Shareholders are referred to the trading statement announced on SENS on 12 August 2024, detailing
that the Company will report an expected earnings per share profit and a headline earnings per share
profit for the year ended 30 June 2024.

The Group hereby advises that a reasonable degree of certainty exists that the results for the year
ended 30 June 2024 to be within the following ranges:
                                                                 Expected                     Reported
                                                               30 June 2024                 30 June 2023
                                                         A$'000           % change             A$'000
 Earnings / (loss) for the period                    24 400 – 26 900   more than 100%         (103 971)
 Headline earnings / (loss)                          37 200 – 39 500   more than 100%          (77 739)
                                                        A$ cents          % change             A$ cents
 Basic earnings / (loss) per share                     19.6 – 20.8     more than 100%           (82.4)
 Headline earnings / (loss) per share                  29.0 – 30.8     more than 100%           (61.6)
 Diluted earnings / (loss) per share                   19.1 – 20.3     more than 100%           (82.4)
 Diluted headline earnings / (loss) per share          28.3 – 30.1     more than 100%           (61.6)

Shareholders should note that the prior reported financial information included expenses amounting to
A$104 million from the Batangas LNG terminal project and losses from discontinued operations of A$12
million, which are not expected to reoccur.

The Group expects to release its audited results on or about 20 August 2024.

The financial information on which this updated trading statement is based has not been reviewed or
reported on by the Group's auditors.

14 August 2024

Boksburg, South Africa

JSE Sponsor
Valeo Capital (Pty) Ltd

Edinah Mandizha
Company Secretary
Tel: 011 779 2800
Email: Edinah.mandizha@avenggroup.com

Date: 14-08-2024 04:26:00
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