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MTA
MTA
MTA - Metair Investments Limited - Updated trading statement
METAIR INVESTMENTS LIMITED
Registration number 1948/031013/06
(Incorporated in the Republic of South Africa)
Share code : MTA
ISIN code : ZAE 000090692
("Metair" or "the Group")
UPDATED 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 referred to the trading statement published on SENS on
14 June 2011 where the Group advised that it expected the Group`s
headline earnings per share ("HEPS") and basic earnings per share ("EPS")
for the six months ending 30 June 2011 to be higher by at least 40% and
45% respectively, compared to the previous corresponding period, and are
advised that this trading statement constitutes the further guidance
referred to therein.
As the Group has now obtained additional certainty regarding its results
for the six months ended 30 June 2011, an updated trading statement is
provided below.
Headline Earnings
Metair advises its` shareholders that it expects the Group`s HEPS for the
six months ended 30 June 2011 to be between 122 cents and 134 cents,
compared to the 89 cents for the previous corresponding period.
Basic Earnings
EPS is expected to be between 140 cents and 154 cents compared to the 87
cents for the previous corresponding period.
The EPS is higher than HEPS due to the profit on property, plant and
equipment relating to the insurance proceeds for the fire at First
National Battery.
It is anticipated that results for the six months ended 30 June 2011 will
be published on or about 18 August 2011.
The above information has not been reviewed or reported on by the Group`s
external auditors.
BY ORDER OF THE BOARD
Johannesburg
10 August 2011
Sponsor:
One Capital
Date: 10/08/2011 14:44:55 Produced by the JSE SENS Department.
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employees and agents accept no liability for (or in respect of) any direct,
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