SAL
SAL
SAL - Sallies Limited - Trading statement
Sallies Limited
(Incorporated in the Republic of South Africa)
(Registration number 1903/001879/06)
Share code: SAL ISIN: ZAE000022588
("Sallies" or "the Company")
TRADING STATEMENT
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE
Limited, the Board of Sallies hereby announces that for the Company`s
results for the year ended 30 June 2011, it expects to report a loss per
share of between 6.1 cents per share ("cps") and 7.1 cps compared to a loss
per share of 9.8 cps for the year ended 30 June 2010. The headline loss for
the year ended 30 June 2011 is expected to be between 5.8 cps and 6.8 cps
compared to a headline loss of 8.7 cps for the year ended 30 June 2010. The
reduction in the loss is due to the Company`s operating subsidiary, Witkop
Fluorspar Mine (Pty) Ltd, recommencing mining operations during the second
half of the current financial year and the refund of taxation by the South
African Revenue Service.
The financial information on which this trading statement is based has not
been reviewed or reported on by the Company`s auditors. The Company`s annual
results will be released on or about 30 September 2011.
Johannesburg
30 August 2011
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 30/08/2011 14:16:01 Produced by the JSE SENS Department.
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