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KCM
KCM
KCM - Kimberley Consolidated Mining Limited - Trading Statement
Kimberley Consolidated Mining Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/010470/06)
JSE code: KCM
ISIN: ZAE000119996
("KCM" or "the Company")
TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a
listed company must publish a trading statement as soon as a reasonable degree
of certainty exists that the financial results for the period to be reported on
next will differ by at least 20% from the financial results of the previous
corresponding period or from the profit forecast previously provided to the
market in relation to such period.
KCM hereby advises that a reasonable degree of certainty exists that the loss
per share for the year ended 28 February 2009 will be greater than the
comparable loss per share for the year ended 29 February 2008 by between 5.0
cents and 8.0 cents. Headline loss per share for the year ended 28 February 2009
will be greater than the comparable headline loss per share for the year ended
29 February 2008 by between 8.8 cents and 11.6 cents.
KCM hereby advises that a reasonable degree of certainty exists that the loss
per share for the year ended 28 February 2009 will be less than the earnings per
share forecast in the profit forecast for the year ended 28 February 2009 by
between 14.6 cents and 17.6 cents. Headline loss per share for the year ended 28
February 2009 will be less than the headline earnings per share forecast in the
profit forecast for the year ended 28 February 2009 by between 13.7 cents and
16.5 cents.
KCM`s results and cash flow have been negatively impacted by the continued and
protracted global economic downturn and the reduction in the demand for rough
diamonds, coupled with the dramatic volatility and drop off in purchase prices
offered for rough diamonds. In addition the failure of an anchor investor to pay
for subscribed shares, also contributed to lower production and additional
costs.
The financial information on which this trading statement is based has not been
reviewed and reported on by KCM`s auditors.
13 May 2009
Cape Town
Designated Advisor
PSG Capital (Pty) Limited
Date: 13/05/2009 17:02:01 Produced by the JSE SENS Department.
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