KUMBA RESOURCES LIMITED - TRADING STATEMENT
Kumba Resources Limited
(Incorporated in the Republic of South Africa)
Share code: KMB ISIN: ZAE 000034310
(Registration number 2000/011076/06)
("Kumba" or the "group")
TRADING STATEMENT
In the announcement of its audited annual financial results for the financial
year ended 30 June 2003 and the publication of its unaudited consolidated net
operating profit and physical results for the quarter ended 30 September 2003,
Kumba referred to the negative impact of a strengthening Rand on the group"s
results.
Despite the group maintaining its sound operational performance, shareholders
are advised that as a result of the continued appreciation of the Rand against
the US dollar, the headline earnings of Kumba for the half year to 31 December
2003 are expected to be substantially below the headline earnings and earnings
per share reported for the previous half-year to 31 December 2002.
In order to mitigate the negative effect of the stronger currency, the group
will continue to pursue the business improvement initiatives previously
announced.
Kumba has submitted an accountants report in relation to the trading statement
to the JSE Securities Exchange South Africa ("JSE") in accordance with the
Listings Requirements of the JSE. The accountants report is available for
inspection at Kumba"s Corporate Office, Roger Dyason Road, Pretoria West from
25th November 2003.
Pretoria
25 November 2003
Sponsor
JPMorgan
Date: 25/11/2003 02:26:58 PM Produced by the JSE SENS Department
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