ASR
ASR
ASR - Assore Limited - Trading update
Assore Limited
(Incorporated in the Republic of South Africa)
Registration number 1950/037394/06
Share code: ASR
ISIN: ZAE000017117
("the Assore group")
TRADING UPDATE
Shareholders are advised that since the interim results announcement published
on 21 February 2008 the Assore group has continued to benefit from the boom in
base mineral markets worldwide. These conditions have resulted in increased US
Dollar and Euro prices for all products and significantly higher sales of
manganese ore which were achieved by exporting through the ports at Durban and
Richards Bay in addition to the terminal at Port Elizabeth. As a result,
attributable earnings per share for the year to 30 June 2008 are anticipated to
be between R112,00 and R116,00 (year ended 30 June 2007 : R28,63 per share).
Accordingly headline earnings per share are expected to be between R111,00 and
R115,00 (year ended 30 June 2007 : R27,20 per share). Earnings per share
calculations are based on a weighted average of 26,91 million shares in issue
for the year (year ended 30 June 2007 : 27,06 million).
The above earnings forecast information has not been reviewed or reported on by
the Assore group`s auditors.
The final results for the year ended 30 June 2008 are expected to be published
on or about Friday, 29 August 2008.
Illovo Boulevard
Johannesburg
13 August 2008
Contact details:
Celine Stemmett
Switchboard : (+27 11) 770 6800
Direct line: (+27 11) 770 6948
Email: celinestemmett@assore.com
Sponsor
Standard Bank
Date: 13/08/2008 17:06:06 Produced by the JSE SENS Department.
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