HVL
HVL
HVL - Highveld Steel and Vanadium Corporation Limited - Trading Statement
Highveld Steel and Vanadium Corporation Limited
Registration no. 1960/001900/06
(Incorporated in the Republic of South Africa)
("Highveld")
Share code: HVL
ISIN code: ZAE000003422
TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a
listed company must publish a trading statement as soon as it is 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 per cent from that of
the previous corresponding period.
Highveld hereby notifies it is expected that for the twelve month period ending
31 December 2007, the headline earnings per share will increase between 37 per
cent and 41 per cent to a range between 1 437 cents and 1 479 cents per share
and basic earnings per share will increase between 69 per cent and 73 per cent
to a range between 1 897 cents and 1 942 cents per share compared to the same
period last year. The difference between the headline and basic earnings per
share is predominantly due to the profit on the disposal of the Transalloys
division.
The information in this trading statement has not been reviewed and reported on
by the auditors of the corporation.
The results are expected to be published on or about 6 February 2008.
For and on behalf of the Board.
eMalahleni
31 January 2008
Sponsor
J.P. Morgan Equities Limited
Date: 31/01/2008 09:00:03 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
