|
MTX
MEMTX
MTX - Metorex Limited - Trading Statement
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX
ISIN: ZAE000022745
Issuer code: MEMTX
("Metorex" or "the Company")
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are reasonably certain that the
financial results for the current reporting period will differ by more than 20%
from those of the previous corresponding period.
Metorex changed its year-end from June to December and published a reviewed
second interim report for the 12 months ended 30 June 2010 on SENS on 7
September 2010. The Company will publish a reviewed provisional report for the
18 months ended 31 December 2010 on or about 1 March 2011.
As comparative results for the 18 months ended 31 December 2010 have not been
previously published or compiled, shareholders are advised that the Company
expects earnings per share ("EPS") to be between 89 cents and 103 cents,
headline earnings per share ("HEPS") between 52 cents and 58 cents and adjusted
HEPS between 58 cents and 62 cents for the 18 months ended 31 December 2010.
In addition, management earnings expectations for the 6 months ended 31 December
2010 are set out below:
* EPS between 24 cents and 26 cents (6 months to June 2010: 9 cents)
* HEPS between 26 cents and 28 cents (6 months to June 2010: 12 cents)
* Adjusted HEPS between 30 cents and 33 cents (6 months to June 2010: 14
cents)
Adjusted HEPS excludes non-recurring items, and specifically for the 6 months to
31 December 2010, excludes a non-cash amortization of put option premiums
incorporated in the restructured Ruashi hedge book of 5 cents.
The financial information upon which this trading statement is based has not
been reviewed or reported on by the Company`s external auditors.
Johannesburg
11 February 2011
Metorex CEO, Terence Goodlace Tel: 011 215 4000
CFO, Maritz Smith
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Public relations adviser Tel: 011 447 3030
College Hill
Date: 11/02/2011 11:45:01 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.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
