Metorex Limited - Trading update
Metorex Limited
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
JSE code: MTX
ISIN code: ZAE000022745
Issuer code` MEMTX
(`the company`)
TRADING UPDATE
Shareholders are advised that the company`s earnings per share for the year
ended 30 June 2005 are expected to be as follows:
Basic earnings per share of between 14 to 16 cents from a loss of 8 cents per
share for the comparable period.
* Headline earnings per share from continuing operations of between 25 and
27 cents excludes 10 to 12 cents per share of negative earnings from
* Discontinued operations, which will result in reported headline earnings
of between 13 and 15 cents per share compared with 2.8 cents per share for
the comparable period.
Shareholders are also advised that the earnings per share and headline earnings
per share have been calculated on the enlarged issued share capital, which
increased from a weighted average of 179 million shares in the previous year to
204 million shares during the current year. The above financial information
relating to the year ended 30 June 2005 has not been reviewed and/or reported on
by the company`s auditors, however, it is largely in line with the profit
forecast included in the circular to shareholders dated 31 March 2005. It is
anticipated that the results for the year ended 30 June 2005 will be published
on or about 7 September 2005.
Johannesburg
24 August 2005
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 24/08/2005 05:03:27 PM
Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
