PKH
PKH
PKH - Protech Khuthele Holdings Limited - Trading statement
Protech Khuthele Holdings Limited
Registration number 2000/024352/06
JSE code: PKH ISIN: ZAE000101986
("Protech" or "the Group")
TRADING STATEMENT
In terms of section 3.4 of the JSE Limited Listings Requirements,
companies are required to publish a trading statement as soon as they
become reasonably certain that the financial results for the period to
be reported on will be more than 20% different from that of the previous
corresponding period. Protech is currently finalising its results for
the six months ended 31 August 2011.
As a result of the continuing difficult trading conditions, the
directors of Protech anticipate that headline earnings per share and
earnings per share, for the six months ended 31 August 2011, will
decline by between 35% - 40% and 50% - 55%, respectively from those
reported for the previous corresponding period being the six months
ended 31 August 2010.
The difficult trading conditions can largely be attributed to the delay
in capital projects in the mining sector and extremely competitive
market conditions across the entire construction sector. Despite
challenging market conditions, Protech maintains a realistic pipeline of
work in excess of R1.5 billion.
The above information has not been reviewed or reported on by the
company`s auditors.
The Group`s interim results for the six months ended 31 August 2011 are
expected to be published on SENS on or about 14 November 2011.
Johannesburg
26 October 2011
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
Date: 26/10/2011 13:00:02 Produced by the JSE SENS Department.
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