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Dta - Delta Emd Limited - Trading Statement Update For The Year Ending

Release Date: 18/10/2011 08:45:01      Code(s): DTA
DTA - Delta EMD Limited - Trading statement update for the year ending          
27 December 2011                                                                
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 UPDATE FOR THE YEAR ENDING 27 DECEMBER 2011                   
Delta shareholders are referred to the Group`s unaudited results                
announcement for the six months ended 27 June 2011 and the comments on          
prospects contained therein dated 4 August 2011.                                
The Group expects its 2011 second half sales revenue and volumes to be          
higher than during both the first half of 2011 and the second half of           
2010. The Group`s sales mix are also expected to improve during the             
second half of 2011, with increased sales into the higher margin EMD            
market segment. Whilst the Group`s volumes and sales revenues are               
expected to be higher, contribution margin per unit are expected to be          
lower than the first half of 2011 and second half of 2010, as a result          
of competitive US dollar selling prices and manufacturing cost increases        
being absorbed by the Group. The Group`s production volumes during the          
second half of 2011 are expected to be higher than the first half 2011          
and second half 2010 volumes, contributing to improved manufacturing            
overhead recoveries.                                                            
The global EMD market shows a slight recovery in demand when compared to        
the first half of 2011 and second half of 2010,but market prices remain         
under pressure with major battery producers sourcing most of their EMD          
requirements from domestic EMD suppliers who are operating at near full         
capacity.                                                                       
The Group`s administration cost in respect of the Australia plant site          
has been reduced, and the sale of the plant site in Australia is not            
envisaged to be completed during 2011.                                          
The Group`s 2011 full year profit before taxation is expected to be             
lower than the profit before tax of R178.1 million for the full year            
ended 28 December 2010, which included R132.5 million related to the            
sale of the Australian residue disposal site.                                   
Earnings after taxation for the full year ending 27 December 2011 are           
forecast to be between R16 million and R22 million (2010: R120 million).        
Headline earnings after taxation for the full year ending 27 December           
2011, are forecast to be between R16 million and R22 million (2010: R69         
million).                                                                       
Earnings per share for the full year ending 27 December 2011 are                
forecast to be between 33 cents and 45 cents (2010: 246.9 cents), and           
headline earnings per share for the full year ending 27 December 2011           
are forecast to be between 33 cents and 45 cents (2010: 140.5 cents).           
The forecast financial information on which this trading statement is           
based has not been reviewed and reported on by the Group`s external             
auditors.                                                                       
Delta`s results for year ending 27 December 2011 are expected to be             
released on SENS on 13 February 2012.                                           
Nelspruit                                                                       
18 October 2011                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 18/10/2011 08:45:01 Supplied by www.sharenet.co.za                     
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