PTG
PTG
Peermont Global Limited - Trading Update
Peermont Global Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/004449/06)
Share code: PTG
ISIN: ZAE000058053
("Peermont Global")
Peermont Global - Trading update
During the year ended 31 December 2005, Peermont Global benefited from continued
favourable trading conditions and an increased stake in the Emperors Palace
operation, following the successful buyout of the Caesars Entertainment Inc.
interest ("the CEI buyout") in Emperors Palace with effect from 31 March 2005.
As a result, headline earnings per share ("HEPS") for the year ended 31 December
2005 are anticipated to be between 25% and 35% higher than restated HEPS for the
same period in the previous year ("the comparative period"). Attributable
earnings per share ("EPS") are also anticipated to be between 25% and 35% higher
than restated EPS for the comparative period. HEPS and EPS for the comparative
period have been restated in terms of International Financial Reporting
Standards, as published by Peermont Global in its interim results announcement
on 5 September 2005 ("Peermont Global"s interim results").
As mentioned in Peermont Global"s interim results, the exercising of US dollar
options associated with the CEI buyout resulted in an attributable option gain
amounting to approximately 7.8 cents per share after tax. This option gain is
included in HEPS and EPS for the year ended 31 December 2005. If the effect of
this once-off option gain is excluded, the adjusted HEPS and EPS are anticipated
to be between 15% and 20% higher than restated HEPS and EPS for the comparative
period.
Peermont Global"s results for the year ended 31 December 2005 are expected to be
released on or about Monday 13 March 2006.
This financial information has not been reviewed or reported on by Peermont
Global"s auditors.
Sponsor
Standard Bank
3 February 2006
Date: 03/02/2006 04:54:44 PM Produced by the JSE SENS Department
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