| Mon 23 Aug 2010, 16:33 | | ASR - Assore Limited - Trading Statement |
|
ASR
ASR
ASR - Assore Limited - Trading Statement
Assore Limited
(Incorporated in the Republic of South Africa)
Registration number: 1950/037394/06
Share code: ASR
ISIN: ZAE000017117
("the Assore group")
TRADING STATEMENT
Sales volumes for all products have improved compared to the previous
financial year, and U.S. dollar prices for all products increased across
the year and particularly in the second half of the financial year. Prices
for iron ore now exceed the levels they were at in September 2008 when the
world economic turmoil commenced, however, prices for manganese ore and
alloys, and chrome ore and alloys remain significantly below the levels
achieved prior to September 2008. Most of group sales remain priced in
U.S. dollars and results have been adversely affected by stronger exchange
rates which prevailed throughout the year when compared to exchange rates
in the 2009 financial year.
As a result, both attributable and headline earnings per share for the year
ended 30 June 2010 are anticipated to be between R57,00 and R64,00 (year
ended 30 June 2009: attributable earnings of R136,69 per share, and
headline earnings of R137,72 per share). Earnings per share calculations
are based on a weighted average of 23,94 million shares in issue (year
ended 30 June 2009: 23,71 million shares).
The above earnings per share information has not been reviewed or reported
on by the Assore group`s auditors and the results for the year ended 30
June 2010 are expected to be published on or about 3 September 2010.
Illovo Boulevard
Johannesburg
23 August 2010
Contact details:
Ross Davies
Switchboard: (011) 770 6800
Direct line: (011) 770 6815
E-mail: rossdavies@assore.com
Sponsor
Standard Bank
Date: 23/08/2010 16:33:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
