PPC 201304290037A
Trading Statement
PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE 000170049
("PPC" or the "Company")
TRADING STATEMENT
In terms of the Listing Requirements of the 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 next will differ by more than 20% from those of the
previous corresponding period.
The board of directors of PPC advises that its earnings per share and
headline earnings per share for the six months ended 31 March 2013
are expected to be between 22% and 20% less compared with the
respective amounts reported for the comparable period ended 31 March
2012. Shareholders are reminded that the main contributors to this
decrease is the IFRS 2 charge which is a consequence of the second
BBBEE transaction as well as that relating to the indigenisation
transaction undertaken at PPC’s Zimbabwean operations. These charges
were anticipated and outlined in the BBEEE circular to shareholders
on 20 August 2012 as well as the SENS announcement released on 19
November 2012.
Earnings per share and headline earnings per share excluding the IFRS
2 charge relating to the BBBEE transaction and indigenisation
transaction do not differ by more than 20% from those of the previous
corresponding period.
The information contained in this trading statement has not been
reviewed or reported on by the company’s external auditors. PPC will
release its interim results for the period ended 31 March 2013 on 16
May 2013.
29 April 2013
Sponsor
Merrill Lynch South Africa (Pty) Limited
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