MML
MML
MML - Metmar Limited - Trading statement
METMAR LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/007269/06)
Share code: MML
ISIN code: ZAE000078747
("Metmar" 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.
Headline earnings per share for the year ended 28 February 2011 are expected
to increase by between 56% - 76% over those of the previous corresponding
period.
Shareholders are advised that the Company`s attributable earnings per share
for the year ended 28 February 2011 are expected to decrease by between 60% -
80% over those of the previous corresponding period.
The main contributor to the difference in the percentage decrease in
attributable earnings per share is the profit from sale of PGR 17 Investments
(Proprietary) Limited amounting to R126 million after taxation, which was
included in attributable earnings in 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 auditors.
Shareholders are advised that the results for the year ended 28 February 2011
will be released no later than 6 May 2011.
Johannesburg
22 March 2011
Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 22/03/2011 12:28:00 Produced by the JSE SENS Department.
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