PPC - Pretoria Portland Cement Company Limited - Trading statement
PPC
PPC
PPC - Pretoria Portland Cement Company Limited - Trading statement
PRETORIA PORTLAND CEMENT COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE000125886
("PPC" or the "company")
TRADING STATEMENT
In terms of the Listing Requirements of the JSE Limited, companies are required
to publish a Trading Statement as soon as they become reasonably certain that
the financial results for the period to be reported on next will differ by more
than 20% from those of the previous corresponding period.
Shareholders are referred to PPC`s trading statement dated 28 October 2009 and
that the R490 million IFRS2 charge relating to PPC`s Broad Based Black Economic
Empowerment transaction and the take-on gain of R213 million relating to the
consolidation of Portland Holdings Limited, the company`s Zimbabwean operations,
outlined in the Group results for the year ended 30 September 2009 will not
recur. As a result of the non-recurrence of these charges, PPC`s headline
earnings per share ("HEPS") are expected to be between 20% and 30% higher for
the year ended 30 September 2010 compared to the previous corresponding period.
Earnings per share ("EPS") are expected to be within a 10% range of the previous
corresponding period`s EPS.
PPC further advises that, excluding the above mentioned adjustments, normalised
EPS and HEPS for the year ended 30 September 2010 are expected to be between 10%
and 20% lower than 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 external auditors. PPC expects to
release its annual results for the year ended 30 September 2010 on or about 9
November 2010 and stakeholders are reminded that the company is in a closed
period until then.
Sandton
19 October 2010
Sponsor
Merrill Lynch South Africa (Pty) Limited
Financial Communications Advisor
College Hill
Date: 19/10/2010 08:00:01 Produced by the JSE SENS Department.
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