SAH - South African Coal Mining Holdings Limited - Update to the trading
statement for the year ended 31 December 2008
South African Coal Mining Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009012/06
Share code: SAH
("SACMH" or "the company")
Update to the trading statement for the year ended 31 December 2008
In terms of the JSE Limited Listings Requirements, companies are required to
publish an update to a previously released trading statement as soon as they
become aware that the previously released figures are not correct.
The trading statement released by the company on 13 February 2009 referred to
an expected headline loss per share of between 4 and 6.5 cents and an expected
loss per share of between 13 and 15.5 cents for the year ended 31 December
2008. The company is now expected to report a headline loss per share for the
year ended 31 December 2008 of approximately 8 cents compared with headline
earnings per share of 3 cents for the 18 months ended 31 December 2007. The
loss per share for the same period is expected to be approximately 23 cents,
compared with earnings of 84 cents per share for the 18 months ended 31
The increase in the anticipated loss per share is largely due to further
impairments which have been instituted.
The financial information on which this trading statement is based has not
been reviewed or reported on by the company`s auditors.
SACMH is due to report its actual results for the year ended 31 December 2008
on or about 27 March 2009, when further details regarding the performance and
mine plan will be provided.
SACMH: 011 748 2800
Melanie Steyn: 011 748 2831
Nick Williams: 011 447 3030
16 March 2009
Sponsor: QuestCo Sponsors
Date: 16/03/2009 16:00:02 Supplied by www.sharenet.co.za
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