MML
MML
MML - Metmar Limited - Trading Statement
METMAR LIMITED
(formerly Heritage Collection Holdings Limited)
Incorporated in the Republic of South Africa
(Registration number 1998/007269/06)
Share code: MML & ISIN code: ZAE000078747
("Metmar" or "the Company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE"), companies
are required to publish a trading statement as soon as they are reasonably
satisfied that the financial results for the period to be reported upon
next will differ by at least 20% from the previous reporting period.
Metmar ordinary shares were listed on the JSE under the Industrial Metals
sector on 22 May 2006 subsequent to the implementation of the reverse take-
over of Heritage Collection Holdings Limited. Metmar holds all of the
issued shares of Metmar Trading (Pty) Limited and Metmar Properties (Pty)
Limited, 69.1% of the issued shares of Matrix Metals (Pty) Limited and 90%
of the issued shares of Hornet Properties (Pty) Limited (collectively, "the
Metmar Trading Group").
In the abridged revised listings particulars of Metmar published on SENS on
18 May 2006, it was disclosed that the pro forma consolidated attributable
audited profit earned by the Metmar Trading Group for the year ended 28
February 2006 was R31.6 million, which was equivalent to an earnings per
ordinary share of 18 cents and a headline earnings per ordinary share of
17.6 cents.
It is now anticipated that, for the year ended 28 February 2007, the
attributable consolidated earnings and headline earnings per ordinary share
of Metmar will be between 40% and 50% higher than the pro forma earnings of
the Metmar Trading Group for the previous financial year.
The financial information on which this trading statement is based has not
been reviewed or reported on by the Company`s auditors.
22 March 2007
Bryanston
Sponsor
BDO QuestCo (Pty) Limited
Date: 22/03/2007 12:23:40 Produced by the JSE SENS Department.
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