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alert steel holdings ltd (AET) Snapshot

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09/30/13 - $190.00
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02/10/14 - $60.00
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alert steel holdings ltd (AET) Details

Alert Steel Holdings Limited, together with its subsidiaries, operates as a retailer of steel and steel related products and services for the construction, manufacturing, and building industries primarily in South Africa. The company was founded in 1979 and is based in Pretoria, South Africa.

Founded in 1979

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alert steel holdings ltd (AET) Key Developments

Alert Steel Holdings Limited Announces Resignation of Mahomed Gani as Chief Financial Officer, Effective on April 30, 2014

Alert Steel Holdings Limited announced that Mr. Mahomed Gani has resigned from the board as chief financial officer, effective on April 30, 2014.

Alert Steel Holdings Limited Reports Unaudited Consolidated Financial Results for the Six Months Ended December 31, 2013

Alert Steel Holdings Limited reported unaudited consolidated financial results for the six months ended December 31, 2013. For the six months, the company reported revenue from continuing operations of ZAR 404,930,000 compared to ZAR 374,233,000 for the same period a year ago. Loss before taxation was ZAR 35,722,000 compared to ZAR 28,458,000 last year. Loss from continuing operations was ZAR 35,722,000 or 69.3 cents per basic and diluted share compared to ZAR 28,458,000 or 62.0 cents per diluted share last year. Loss and total comprehensive income was ZAR 35,722,000 or compared to ZAR 27,974,000 last year. Total comprehensive loss attributable to equity holders of the company was ZAR 36,011,000 or 69.3 cents per basic and diluted share compared to ZAR 27,675,000 or 62.0 cents per diluted share last year. Headline loss attributable to equity holders was ZAR 31,779,000 or 61.1 cents per diluted share compared to ZAR 27,150,000 or 60.8 cents per diluted share last year. Diluted headline loss per share from continuing operations was 61.1 cents compared to 60.8 cents per diluted share last year. Cash used in operating activities was ZAR 3,820,000 compared to ZAR 13,289,000 last year.

Alert Steel Holdings Limited Appoints Javed Gani as Chief Operating Officer with Immediate Effect

Alert Steel Holdings Limited announced that Mr. Javed Gani has been appointed as Chief Operating Officer of the Alert Steel Group with immediate effect. Gani started BuildKwik in 2009 with one store in Pretoria West. Within four years he had established seven stores which he subsequently sold to Alert Steel. Prior to starting BuildKwik, Gani worked in the Kit-Kat Cash & Carry.


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