MMG
MMG
MMG - MICROmega - Trading Statement
MICROmega - Trading Statement
MICROmega Holdings Limited
(Registration number 1998/003821/06)
(Incorporated in the Republic of South Africa)
ISIN code:ZAE000034435 Share code: MMG
("MICROmega" or "the Group")
TRADING STATEMENT
In compliance with paragraph 3.4 of the Listing Requirements of the JSE
Limited, a listed company is required to publish a trading statement as soon
as it becomes aware that the financial results for the next period to be
reported on will differ by at least 20% from those of the previous reported
period.
MICROmega wishes to advise shareholders that earnings per share for the year
ended 31 December 2008 are expected to be between 48% and 50% higher than the
earnings per share of 41.45 cents for the year ended 31 December 2007.
Headline earnings per share for the same period are expected to be between 3%
and 4% lower than the headline earnings per share of 41.91 cents for the year
ended 31 December 2007.
The timing of this trading statement has been directly influenced by the
finalization of the accounting treatment of certain items of the discontinued
operations within Kolbenco (Proprietary) Limited, which were finalized this
week.
The financial information on which this trading statement is based has not
been reviewed or reported on by the group`s auditors. The group`s results for
the year ended 31 December 2008, are expected to be published on or around
the 30 March 2009.
27 March 2009
Sponsor:
Investec Bank Limited
Date: 27/03/2009 09:55:02 Produced by the JSE SENS Department.
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