CMO
CMO
CMO - Chrometco - Trading Statement
Chrometco Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/026265/06)
Share code: CMO ISIN: ZAE000070249
("Chrometco" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited relating to Trading
Statements, a listed company is required to publish a trading statement as soon
as it becomes aware that the financial results for the next period to be
reported on will differ by at least 20% or more from those of the previous
corresponding period.
Shareholders are advised that the company`s earnings per share for the 12 month
period ended 28 February 2011 is expected to be between 180% and 200% higher and
headline earnings per share is expected to be between 40% and 60% lower than the
results of the previous corresponding period.
The difference between the earnings and headline earnings figures is due to the
receipt of a further R 13 million in terms of the DCM Chrome (Pty) Limited
mining and management agreement, as well as the effect of Secondary Tax on
Companies relating to the 2010 dividend payment.
The financial information on which this trading statement is based has not been
reviewed or reported upon by the company`s auditors. The company`s results for
the twelve month period ended 28 February 2011 are expected to be published on
or about 31 May 2011.
25 May 2011
Designated Advisor
Sasfin Capital
A Division of Sasfin Bank Limited
Date: 25/05/2011 13:57:20 Produced by the JSE SENS Department.
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