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MTA
MTA
MTA - Metair Investments Limited - Updated trading statement
METAIR INVESTMENTS LIMITED
Registration number 1948/031013/06
(Incorporated in the Republic of South Africa)
Share code : MTA
ISIN code : ZAE000090692
("Metair" or "the Group")
UPDATED TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are reasonably certain that the
financial results for the current reporting period will differ by more than
20% from those of the previous corresponding period.
Shareholders are referred to the trading statement published on SENS on 15
December 2011 where the Group advised that it expected the Group`s headline
earnings per share ("HEPS") and basic earnings per share ("EPS") for the
year ending 31 December 2011 to be at least 20% higher than those of the
previous corresponding period ended 31 December 2010, and are advised that
this trading statement constitutes the further guidance referred to therein.
As the Group has now obtained a reasonable degree of certainty regarding its
results for the year ended 31 December 2011, an updated trading statement is
provided below.
Headline Earnings
Metair advises shareholders that it expects the Group`s HEPS for the year
ended 31 December 2011 to be between 251 cents and 269 cents, compared to
the 187 cents for the previous corresponding period.
Basic Earnings
EPS is expected to be between 279 cents and 299 cents compared to the 195
cents for the previous corresponding period. The difference between
headline and basic earnings is primarily the profit recognised on the plant
and equipment destroyed in the fire at the First National Battery Plant in
Benoni as announced on 5 May 2011 ("the Fire").
Fire at First National Battery
Despite the board of directors of Metair having a reasonable degree of
certainty with respect to the expected HEPS and EPS figures as detailed
above, the full effect of the Fire on the Group`s results, has yet to be
finalised.
It is anticipated that results for the year ended 31 December 2011 will be
published on or about 12 March 2012.
The above information has not been reviewed or reported on by the Group`s
external auditors.
BY ORDER OF THE BOARD
Johannesburg
21 February 2012
Sponsor:
One Capital
Investor relations:
College Hill
Date: 21/02/2012 09:54:01 Produced by the JSE SENS Department.
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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.
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