DELTA EMD LIMITED - Further trading statement for the year ended 27 December 2015Release Date: 04/02/2016 14:11:00 Code(s): DTA
Delta EMD Limited
(Incorporated in the Republic of South Africa)
Registration number 1919/006020/06
Share code: DTA
(?Delta EMD? or ?the Group?)
FURTHER TRADING STATEMENT FOR THE YEAR ENDED 27 DECEMBER 2015
In terms of paragraph 3.4 (b) (iv) of the Listings Requirements of
the JSE, if after publication of a trading statement but before
publication of the relevant periodic financial results, an issuer
becomes reasonably certain that the previous published number,
percentage or range in the trading statement is no longer correct,
then the issuer must publish another trading statement providing the
revised number, percentage or range in accordance with paragraph 3.4
Shareholders are referred to the Group?s trading statement (?initial
trading statement?) for the year ended 27 December 2015 (the ?year?)
released on the Stock Exchange News Service (?SENS?) of the JSE
Limited (?JSE?) on 17 December 2015.
In the Group?s initial trading statement the Group reported that the
year-end value of the Nelspruit plant site would be restated to the
selling price agreed for the sale of the site, and that the earlier
impairment of the plant site would be reversed by R11.7 million. To
be compliant with International Financial Reporting Standards, the
value of the Nelspruit plant site has not been restated and the
earlier impairment has not been reversed.
Consequently the Group now expects an after tax loss for the year of
between R37.7 million and R46.1 million and expects an after tax
headline loss for the year of between R44.1 million and R53.9 million.
Attributable loss per share is expected to be between 75
cents and 95 cents, an improvement of between 70% and 75% compared to
the corresponding reporting period of the previous year (2014:
attributable loss per share of 311 cents). Attributable headline loss
per share is expected to be between 89.7 cents and 109.7 cents, an
improvement of between 63% and 70% compared to the corresponding
reporting period of the previous year (2014: attributable headline
loss per share of 296 cents).
The forecast financial information on which this trading statement is
based has not been reviewed and reported on by Delta EMD's external
Delta EMD?s results for the year are expected to be released on SENS
by the end of February 2016.
4 February 2016
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 04/02/2016 02:11:00 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.