MML
MML
MML - Metmar Limited - Trading Statement
Metmar Limited
Incorporated in the Republic of South Africa
Registration number: 1998/007269/06
Share code: MML
ISIN code: ZAE000078747
("the Company")
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are satisfied with a reasonable
degree of certainty that the financial results of the period to be reported upon
will differ by 20% or more from the financial results of the previous
corresponding period.
Shareholders are advised that the Company`s attributable earnings and headline
earnings per share for the period ended 31 August 2011 are expected to decrease
by between 27% and 31% over those of the previous corresponding period.
While revenue and gross profit margins increased, the high cost of trading
together with the payment of Secondary Tax on Companies (STC) for the first
time, adversely affected earnings.
Headline earnings per share were further adversely affected by an increased
weighted average number of shares following a share issue on 30 November 2010.
The financial information on which this trading statement is based has not been
reported on by the Company`s auditors.
Shareholders are advised that the results for the period ended 31 August 2011
will be released before the end of October 2011.
24 October 2011
Bryanston
Sponsor
One Capital
Date: 24/10/2011 16:34:18 Produced by the JSE SENS Department.
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