KIO - Kumba Iron Ore Limited - Trading statement for the six months ended 30
KIO
KIO
KIO - Kumba Iron Ore Limited - Trading statement for the six months ended 30
June 2011
Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
JSE Share code: KIO
ISIN: ZAE000085346
("the Company")
TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2011
Kumba Iron Ore Limited is currently finalising its results for the six months
ended 30 June 2011 ("the period"), which will be released on SENS on or about 21
July 2011. Headline earnings and basic earnings for the period are likely to be
between R8,600 million and R9,200 million, with headline earnings per share
("HEPS") and earnings per share ("EPS") to be between R26.80 and R28.70.
Headline earnings and basic earnings reported in respect of the results for the
six months ended 30 June 2010 ("the comparative period") were R6,492 million and
R6,489 million respectively while HEPS and EPS reported for the comparative
period were R20.28 and R20.27 respectively.
The increase in earnings is primarily attributable to higher export iron ore
prices which were partially offset by the strengthening of the average exchange
rate of the Rand to the US Dollar during the period.
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by the Company`s external auditors.
Pretoria
7 July 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/07/2011 07:05:01 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
