Highveld - Trading Statement
HIGHVELD STEEL AND VANADIUM CORPORATION LIMITED
Registration no. 1960/001900/06
(Incorporated in the Republic of South Africa)
(`Highveld` or `the corporation`)
Share code: HVL
ISIN code: ZAE000003422
A member of the Anglo American plc group
TRADING STATEMENT
In terms of the revised Listings Requirements of the JSE Securities Exchange
South Africa, a listed company must publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported upon next will differ by at least 20 per
cent from that of the previous corresponding period.
Highveld hereby notifies that it is expected that for the 12 month period ending
31 December 2004, the headline earnings per share will increase to between 800
cents and 880 cents per share and basic earnings per share will increase to
between 690 cents and 770 cents per share. The difference between the headline
and basic earnings per share is predominantly due to the write off of obsolete
plant.
The main reasons for the increase are improved market conditions and a reduction
in operating costs.
The information in this trading statement has not been reviewed and reported on
by the auditors of the corporation.
The results are expected to be published on or about 8 February 2005.
For and on behalf of the Board
Witbank
23 November 2004
Sponsor
Cazenove
Date: 23/11/2004 03:56:05 PM
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