Go Back Email this Link to a friend


Dta - Delta Emd Limited - Trading Statement For The Half Year Ending 27 June

Release Date: 27/05/2010 09:25:01      Code(s): DTA
DTA - Delta EMD Limited - Trading Statement for the half year ending 27 June    
2010                                                                            
Delta EMD Limited                                                               
Incorporated in the Republic of South Africa                                    
Registration number 1919/006020/06)                                             
Share code: DTA   ISIN: ZAE000132817                                            
("Delta" or "the Group")                                                        
TRADING STATEMENT FOR THE HALF YEAR ENDING 27 JUNE 2010                         
Delta shareholders are referred to the Group`s 2009 Annual Report, and the      
Chairman`s Review contained therein, dated 19 February 2010.                    
Global economic conditions continue to soften demand for disposable alkaline    
batteries, with a corresponding contraction of global demand for alkaline grade 
EMD. The Group`s sales of lower priced zinc carbon EMD have replaced alkaline   
grade EMD sales, resulting in a less attractive sales mix and lower average     
selling prices during the half year.                                            
Production volumes were reduced during the first half as planned to maintain    
desired stock levels and to allow for equipment maintenance as well as the set  
up required for the production of the Group`s new premium grade product. Reduced
production has affected the Group`s operating profit due to under-recovery of   
manufacturing overheads.                                                        
Operating profit for the half year ending 27 June 2010 is forecast to be lower  
than for the same period in 2009 due to the one-off sales of offshore stocks    
made during the first six months of 2009, as well as the less attractive sales  
mix and increased under-recovery of manufacturing overheads.                    
Product exports from the Nelspruit plant have been affected by the Transnet     
strike action. The following forecasts anticipate that the current shipment     
backlog, together with planned volumes, will be shipped and recorded as revenue 
before 27 June 2010.                                                            
Earnings and Headline earnings after taxation for the six months ending 27 June 
2010 are forecast to be between R26 million and R37 million (2009: Earnings R58 
million, Headline Earnings R56 million).                                        
Earnings and Headline earnings per share for the six months ending 27 June 2010 
are forecast to be between 52 cents and 75 cents (2009: EPS 118.9 cents, HEPS   
115.9 cents)                                                                    
The forecast financial information on which this trading statement is based has 
not been reviewed and reported on by the Group`s auditors.                      
Delta`s interim results for the six months ending 27 June 2010 are expected to  
be released on SENS on 11 August 2010.                                          
Nelspruit                                                                       
27 May 2010                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 27/05/2010 09:25:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.