Petra Mining Limited - Trading statement
Petra Mining Limited
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code: PET ISIN: ZAE000010237
(`Petmin`, `the company` or `the group`)
TRADING STATEMENT
In terms of the Listing Requirements of the JSE Limited, shareholders are
advised that Petmin expects that earnings per share and headline earnings per
share for the year ended 30 June 2005 will be between 16.00 and 19.00 cents per
share, compared to the forecast earning per share and headline earnings per
share of 0.16 cents per share as published in the revised listing particulars
dated 27 August 2004.
The primary cause of this increase is the accounting treatment of the
acquisition of SamQuarz (Pty) Ltd, which was completed during the current
financial year, under IFRS. The acquisition resulted in a fair value adjustment
to the group`s income statement that caused an increase in the group`s earnings
per share and headline earnings per share. The group`s preliminary results for
the year ended 30 June 2005 will be published before the end of September 2005.
The financial information on which this trading statement is based has not yet
been reported on by the company`s auditors.
Pretoria
14 September 2005
Sponsor: River Group
Date: 14/09/2005 07:30:01 AM
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