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 published on SENS on 22
March 2011, wherein the Company stated that its financial results for the six
months ended 31 March 2011 would decrease by more than 30% compared to the six
months ended 31 March 2010 and that further guidance would be provided once
management accounts for the period had been completed.
PPC now advises that earnings per share and headline earnings per share for the
six months ended 31 March 2011 are expected to be between 35% and 40% lower
compared to the previous corresponding period.
The company further advises that the decrease in earnings per share is mainly
attributable to the negative impact of a challenging business environment on
sales volumes, selling prices and input costs across all its operations.
The financial information, on which this trading statement is based, comprises
of management accounts which have been prepared by the Company and which have
not been reviewed or reported on by the Company`s external auditors. PPC will
release its interim results for the six months ended 31 March 2011 on 17 May
2011.
Sandton
20 April 2011
Sponsor
Merrill Lynch South Africa (Pty) Limited
Financial Communications Advisor
College Hill
Date: 20/04/2011 08:00:22 Produced by the JSE SENS Department.
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