Sappi Limited - Correction
Sappi Limited
(Registration number 1936/008963/06)
Issuer Code: SAVVI
JSE Code: SAP
ISIN Code: ZAE000006284
Correction
With respect to the publication on 10 November of Sappi"s announcement of
results for the quarter and year ended September 2005, Sappi regrets to advise
that there is a transposition error in the Summary table.
The Sales figure provided for the year ended September 2005 was incorrectly
stated to be US$ 5, 108 million. The true figure is US $ 5, 018 million.
The correct version of the table is reproduced below:
Quarter ended
September June September
2005 2005 2004
Sales (US$ million) 1,388 1,144 1,235
Operating profit (US$ million)** 5 (193) 72
EBITDA * (US$ million) ** 128 (76) 191
Operating profit to sales (%) 0.4 (16.9) 5.8
EBITDA to sales (%) * 9.2 (6.6) 15.5
Operating profit to average net assets (%) * 0.5 (17.7) 6.3
Headline EPS (US cents) * (7) (4) 26
EPS (US cents) (14) (77) 25
Return on average equity (ROE) (%) * (7.0) (34.6) 10.5
Net debt (US$ million) * 1,662 1,823 1,584
Net debt to total capitalisation (%) * 35.7 39.7 31.7
Year ended
September September
2005 2004
Sales (US$ million) 5,018 4,728
Operating profit (US$ million)** (137) 188
EBITDA * (US$ million) ** 353 653
Operating profit to sales (%) (2.7) 4.0
EBITDA to sales (%) * 7.0 13.8
Operating profit to average net assets (%) * (3.1) 4.1
Headline EPS (US cents) * 7 43
EPS (US cents) (94) 42
Return on average equity (ROE) (%) * (10.5) 4.6
Net debt (US$ million) * 1,662 1,584
Net debt to total capitalisation (%) * 35.7 31.7
Sappi apologises for any inconvenience caused.
Date: 11/11/2005 08:11:05 AM Produced by the JSE SENS Department
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