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 six months ended 31 August 2010 are expected to decrease by between 85% -
90% over those of the previous corresponding period. Headline earnings per
share, are expected to increase by between 16% - 25% over those of the previous
corresponding period.
The main contributor to the percentage decrease in attributable earnings per
share is the profit from sale of PGR 17 Investments (Proprietary) Limited
which was included in attributable earnings for the six months ended 31 August
2009, but excluded from headline earnings during that same period.
The rise in headline earnings is due to improved trading conditions compared to
the depressed economic environment that prevailed in the 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 six months ended 31 August
2010 will be released early in November 2010.
29 September 2010
Bryanston
Sponsor to the Company
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited
Date: 29/09/2010 11:27:01 Produced by the JSE SENS Department.
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