NHM
NHM
NHM - Northam Platinum Limited - Trading statement
NORTHAM PLATINUM LIMITED
(Registration number 1977/003282/06
(Incorporated in the Republic of South Africa)
JSE Code: NHM ISIN: ZAE000030912
("the company" or "the group")
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 advised that both the group`s earnings per share and
headline earnings per share for the year ended 30 June 2011 are estimated
to be between 80 and 110 cents. This compares with earnings per share of
177.9 cents and headline earnings per share of 177.8 cents reported for
the previous comparable period ended 30 June 2010.
The anticipated decline in the group`s earnings per share is a result of
both lower PGM sales volumes, due mainly to the six-week strike in the
first half of the financial year, and to a lesser extent reflects the
marginal increase in the weighted average number of issued shares. The
lower sales volumes, approximately 19.8% down on the comparable period,
resulted in lower total revenues for the group despite a higher average
Rand basket price.
The weighted average number of shares in issue at 30 June 2011 was 363
087 830, compared with 360 291 885 at 30 June 2010.
The preliminary results for the year ended 30 June 2011 will be released
on or about 18 August 2011.
The information contained in this announcement has not been reviewed or
reported on by the company`s auditors.
Johannesburg
5 August 2011
Sponsor:
One Capital
Date: 05/08/2011 11:14:29 Produced by the JSE SENS Department.
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