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" or "the Corporation")
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 six month period ending 30
June 2008, the headline earnings per share will increase between 98 per cent and
102 per cent to a range between 1 283.4 cents and 1 309.4 cents per share and
basic earnings per share will increase between 126 per cent and 129 per cent to
a range between 1 464.9 cents and 1 484.4 cents per share compared with the
first six months of 2007. The difference between the headline and basic
earnings per share is predominantly due to the profit on the disposal of the
Rand Carbide division.
The information on which this trading statement is based has not been reviewed
and reported on by the auditors of the Corporation.
The results are expected to be published on or about 25 August 2008.
For and on behalf of the Board.
eMalahleni
31 July 2008
Sponsor
J.P. Morgan Equities Limited
Date: 31/07/2008 10:30:01 Produced by the JSE SENS Department.
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