| Fri 31 Oct 2008, 12:49 | | TSX - Trans Hex Group Limited - Trading Statement |
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TSX
TSX
TSX - Trans Hex Group Limited - Trading Statement
TRANS HEX GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number (1963/007579/06)
Share code: TSX
ISIN: ZAE000018552
("Trans Hex" or "the Company" or "the Group")
TRADING STATEMENT
Trans Hex is currently finalising its results for the six months ended 30
September 2008 ("the period"), which should be released on SENS on 12 November
2008.
Continuing Operations
The loss for the period is expected to be R56,0 million compared to a loss of
R2,7 million for the corresponding reporting period of the previous year. The
Group is expecting to report a loss per share of 53,0 cents (2007: loss of 2,6
cents) and headline loss per share of 52,0 cents (2007: loss of 22,0 cents).
Discontinued Operations
The operations of two deepwater mining vessels have been discontinued at
financial year end. The after tax loss for the period was R8,4 million (2007:
R8,4 million).
The financial information on which this trading statement is based has not been
reviewed and reported on by the Company`s auditors.
Comments
The loss for the period was due primarily to the last tender sale coinciding
with the global banking credit crisis, which resulted in lower volumes sold, as
well as a 20% drop in the average price per carat. This reduced revenue by
approximately R78 million.
Cape Town
31 October 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Namibian Sponsor
IJG CORPORATE FINANCE (PTY) LTD
Date: 31/10/2008 12:49:26 Produced by the JSE SENS Department.
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