Kumba - Trading Statement
KUMBA RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
Share Code: KMB
ISIN Number: ZAE000034310
(`Kumba`)
TRADING STATEMENT
Shareholders are reminded that Kumba has changed its year-end from 30 June to 31
December and that its audited financial results for the 18 month period ended 31
December 2004 will be announced on 17 February 2005. Kumba has published its
interim results for the 6 month period ended 31 December 2003 and for the 12
month period ended 30 June 2004 which were reviewed by its auditors.
In the announcement of its second interim results for the 12 months ended 30
June 2004, Kumba expected stronger commodity prices to have a positive impact on
the group`s financial results although earnings will continue to be affected by
the rand.
The group benefited from higher iron ore and coal prices and sales volumes for
the 6 month period ended 31 December 2004 which were partially offset by the
further strengthening of the rand. An average exchange rate of R6.38 to the US
dollar was realised for this period compared with R7.04 for the corresponding
period ended 31 December 2003.
As a result, the group`s unaudited headline earnings per share for the 6 months
ended 31 December 2004 are expected to exceed the reviewed headline earnings per
share of 81,5 cents for the 6 months period ended 31 December 2003 by between
75% and 85%.
The financial results on which this trading statement is based have not been
reviewed or audited by the group`s auditors.
20 January 2005
Sponsor: JP Morgan
Date: 20/01/2005 12:41:05 PM
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