JBL
JUJLP
JBL - Jubilee Platinum Plc - Trading Statement
JUBILEE PLATINUM PLC
AIM: JLP
JSE: JBL
Registration number: 4459850
ISIN: GB0031852162
("Jubilee")
Trading Statement
In terms of the Listings Requirements of the JSE Limited, 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 show a 20% or more
difference from those of the previous corresponding period.
Jubilee expects a significant increase in the reported revenue of between 470%
and 490% with a corresponding increase in gross profits of between 480% and 500%
for the financial year ended 30 June 2011 compared to the previous comparative
period. This increase in both revenue and gross profits is primarily generated
by its smelting operation through Jubilee`s continued investment into the
expansion of its smelting operations.
Jubilee is further expecting a decrease in earnings per share of between 130%
and 150% for the financial year ended 30 June 2011 compared to that of the
previous comparative period and a decrease in headline earnings per share of
between 130% and 150% for the financial year ending 30 June 2011 compared to
that of the previous comparative period. This decrease in headline earnings is
mainly influenced by financial entries related to the acquisition of both the
smelter operations and power plant by Jubilee as well as increased expenditure
related to the ramp-up of the smelter operations.
The information in this trading statement has not been reviewed or reported on
by Jubilee`s auditors. The year-end results announcement is expected to be
published on or about 30 September 2011.
Johannesburg
29 September 2011
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 29/09/2011 10:00:01 Produced by the JSE SENS Department.
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