|
SNU
SNU
SNU - Sentula Mining Limited - Trading statement
Sentula Mining Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: SNU ISIN: ZAE000107223
("Sentula" or "the Group")
TRADING STATEMENT
In terms of the Listings Requirements of JSE Limited, 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
differ by more than 20% from that of the previous corresponding period.
Accordingly, a review of the financial results for the six month period
ended 30 September 2011 ("the interim period") by management has
indicated that the loss per share is expected to be between 38.47 cents
and 38.97 cents and the headline earnings per share is expected to be
between 9.53 cents and 11.65 cents, compared to the earnings per share of
9.89 cents and the headline earnings per share of 10.59 cents for the six
month period ended 30 September 2010.
The Group`s earnings for the interim period were impacted by the
following:
- a fair value adjustment on an interest rate hedge of R5 million;
- foreign exchange gains of R22 million being recognised;
- pre-tax expenses of R17 million, resulting from the Shanduka
transaction (R6.2 million), legal and forensic support for civil
actions associated with the misappropriated funds (R5.7 million) and
retrenchments resulting from on-going restructuring within Megacube
(R5.1 million);
- the Nkomati Anthracite Mine being placed on "care and maintenance";
- a pre-tax impairment charge of R282.3 million being recognised,
primarily on Megacube`s portfolio of idle equipment; and
- a pre-tax write-off of R14.2 million of obsolete inventory in
Megacube.
The financial information on which this trading statement is based has
not been reviewed or reported on by Sentula`s auditors.
Sentula`s interim financial results are expected to be released on or
about 18 November 2011.
Johannesburg
16 November 2011
Sponsor
Merchantec Capital
Date: 16/11/2011 14:50:35 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
