MML
MML
MML - Metmar Limited - Trading Statement
Metmar Limited
Incorporated in the Republic of South Africa
Registration number: 1998/007269/07
Share code: MML
ISIN code: ZAE000078747
("the Company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE"), companies are
required to publish a trading statement as soon as they are satisfied with a
reasonable degree of certainty that the financial results of the period to be
reported upon will differ by 20% or more from the financial results of the
previous corresponding period.
Attributable earnings per share for the six months ended 31 August 2009 include
the profit on disposal of associate company, PGR 17 Investments (Pty) Limited
("PGR 17") and are expected to increase by between 15% - 20% over that of the
previous corresponding period.
Shareholders are advised that the Company`s headline earnings per share,
including discontinuing operations and excluding the profit on disposal of
associate company, PGR 17, for the six months ended 31 August 2009 is expected
to decrease by between 85% - 90% over that of the previous corresponding period.
The drop in headline earnings is a direct result of the downturn in the global
economy which has had a major impact on both demand and prices of commodities,
compared to the record levels experienced in the previous corresponding period.
The financial information on which this trading statement is based has not been
reviewed or reported on by the Company`s auditors.
9 October 2009
Bryanston
Sponsor to the Company
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited
Date: 09/10/2009 14:32:01 Produced by the JSE SENS Department.
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