MTA - Metair Investments Limited - Updated Trading Statement
MTA
MTA
MTA - Metair Investments Limited - Updated Trading Statement
METAIR INVESTMENTS LIMITED
Reg No. 1948/031013/06
(Incorporated in the Republic of South Africa)
Share code : MTA
ISIN code : ZAE 000090692
("Metair" or "the Group")
UPDATED 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.
Shareholders are referred to the trading statement published on SENS by the
Group on 22 November 2010 where the Group advised that it expects the Group`s
headline earnings per share ("HEPS") and basic earnings per share ("EPS") for
the year ending 31 December 2010 to be greater than 170 and 175 cents per share,
respectively, compared to HEPS of 67 cents and EPS of 37 cents for the year
ended 31 December 2009, respectively, and are advised that this trading
statement constitutes the further guidance referred to therein.
As the Group has now obtained additional certainty regarding its results for the
year ended 31 December 2010, an updated trading statement is provided below.
Headline Earnings
Metair advises its` shareholders that it expects the Group`s HEPS for the year
ended 31 December 2010 to be between 183 cents and 196 cents, compared to the 67
cents for the previous corresponding period.
Basic Earnings
EPS is expected to be between 194 cents and 201 cents compared to the 37 cents
for the previous corresponding period.
It is anticipated that results for the year ended 31 December 2010 will be
published on or about 15 March 2011.
The above information has not been reviewed or reported on by the Group`s
external auditors.
BY ORDER OF THE BOARD
Johannesburg
22 February 2011
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 22/02/2011 10:21:00 Produced by the JSE SENS Department.
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