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.
Shareholders are advised that the Company`s attributable earnings per share for
the year ended 28 February 2010 are expected to decrease by between 8% - 15%
over those of the previous corresponding period.
Headline earnings per share, including discontinuing operations for the year
ended 28 February 2010 are expected to decrease by between 80% - 90% over those
of the previous corresponding period.
The main contributor to the difference in the percentage decreases between
attributable earnings per share and headline earnings per share is the profit
from sale of PGR 17 which is included in attributable earnings, but excluded
from headline earnings.
The major 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
reported on by the Company`s auditors.
Shareholders are advised that the results for the year ended 28 February 2010
will be released no later than the end of April 2010.
19 April 2010
Bryanston
Sponsor to the Company
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited
Date: 19/04/2010 17:31:01 Produced by the JSE SENS Department.
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