MML
MML
MML - Metmar Limited - Trading statement
Metmar Limited
Incorporated in the Republic of South Africa
Registration number: 1998/007269/07
Share code: MML
ISIN code: ZAE000078747
("Metmar" or "the Company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE"), 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 of the period
to be reported upon will differ by 20% or more from the financial results of the
previous corresponding period.
Shareholders are advised that the directors are reasonably certain of
substantially improved results for the six month period ending 31 August 2008.
The Company`s earnings and headline earnings per share, including profits from
the associate company, for the six months ending 31 August 2008 are expected
to increase by between 120% and 140% over that of the previous corresponding
period and by 80% and 100% excluding the profits from the associate.
Shareholders are referred to the announcements on SENS dated 2 June 2008 and
26 June 2008 with regards to the proposed disposal by Metmar of its 21% interest
in PGR 17 Investments (Proprietary) Limited ("disposal"). A circular, convening
a general meeting of Metmar shareholders to approve the disposal, will be posted
to shareholders shortly. Shareholders are advised that the profit on the
disposal has not been included in the results for the six month period ending
31 August 2008 as the effective date of the disposal is 1 September 2008.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
31 July 2008
Bryanston
Sponsor to the company
QuestCo Sponsors (Pty) Ltd
Date: 31/07/2008 12:57:01 Produced by the JSE SENS Department.
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