DRD
DRDD
DrdGold Limited - Trading Statement
DRDGOLD Limited
(Formerly Durban Roodepoort Deep, Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
Share code: DRD
ISIN: ZAE000058723
ARBN number: 086 277 616
NASDAQ trading symbol: DROOY
("DRDGOLD" or "the company")
TRADING STATEMENT
This trading update is issued in accordance with paragraph 3.4 (b) of the
Listing Requirements of the JSE Limited ("the JSE Listings Requirements").
In terms of the JSE Listings Requirements, companies are required to publish a
trading statement as soon as there is reasonable certainty that the financial
results for the current reporting period will be more than 20% different to that
of the prior comparative period.
Shareholders are advised that the board of directors of DRDGOLD expects that the
company"s headline loss per share for the six months ended 31 December 2005 will
be more than 30%to 50% lower (a smaller loss) than that reported for the six
months ended 31 December 2004.
This is as a result of lower retrenchment costs, higher investment income, lower
taxation, the provision for a deferred tax asset and a reversal of the
impairment of the investment in Emperor Mines Limited arising from the
improvement of that entity"s share price following the announcement of the
consolidation of DRDGOLD"s offshore operations into that entity, offset in part
by the increase in loss from associates.
In addition, the basic loss per share will be 75% to 90% lower (a smaller loss)
due to the above reasons and the inclusion of the loss from discontinued
operations for the six months ended 31 December 2004.
The above financial information refers to changes in bottom line losses as
calculated using IFRS Accounting Standards.
The financial information on which this trading statement has been based has not
been reviewed and reported on by the company"s auditors. The results for the
six months ended 31 December 2005 are expected to be announced on or about 23
February 2006.
Johannesburg
21 February 2006
Sponsor
Standard Bank
Date: 21/02/2006 04:51:07 PM Produced by the JSE SENS Department
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