Metropolitan Holdings Limited - Trading Statement
Metropolitan Holdings Limited
Incorporated in the Republic of South Africa
Registration Number: 2000/031756/06
JSE share code: MET
NSX share code: MTD
ISIN: ZAE000050456
(`Metropolitan` or `the company`)
TRADING STATEMENT
Metropolitan is currently finalising its results for the six months period ended
30 June 2005, which will be released on 14 September 2005.
Metropolitan advises that core headline earnings will show an improvement on the
previous period, being June 2004, of between 30% and 50%, mainly driven by
improved operational efficiencies and good investment market levels during the
period under review.
The published June 2004 results will be restated to take into account the
release from the 90:10 fund, effective date 1 January 2004, and any changes that
are required in terms of the transition to International Financial Reporting
Standards. By excluding the once-off release from the 90:10 fund, fully diluted
earnings and headline earnings per share will show an improvement of between
240% and 260%. The disclosed fully diluted earnings and headline earnings per
share will, after taking the once-off release into account, reflect a decline of
less than 20%.
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by the company`s auditors
Bellville
2 September 2005
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Date: 02/09/2005 05:39:26 PM
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