MML
MML
MML - Metmar - 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
Further to the trading statement published on SENS on 31 July 2008 and in the
press on 1 August 2008, shareholders are advised that the Company`s earnings and
headline earnings per share, including earnings from the associate company, for
the six months ended 31 August 2008 are expected to increase by between 240% and
260% over that of the previous corresponding period and by 150% and 170%
excluding the earnings from the associate.
The improvement from the trading statement issued on 31 July 2008 was mainly due
to:
a.) the delay in the disposal of PGR17 resulting in their earnings being equity
accounted for the entire six month period; and
b.) the weakening of the Rand against the US Dollar.
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, is in the
process of being finalised. Shareholders are advised that the profit on the
disposal has not been included in the results for the six month period ended 31
August 2008 as the effective date of the disposal will be subsequent to this
period.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
2 October 2008
Bryanston
Sponsor to the company
QuestCo Sponsors (Pty) Ltd
Date: 02/10/2008 14:22:56 Produced by the JSE SENS Department.
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