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Sappi Limited - Correction

Release Date: 11/11/2005 08:11
Code(s): SAP
Wrap Text

Sappi Limited - Correction Sappi Limited (Registration number 1936/008963/06) Issuer Code: SAVVI JSE Code: SAP ISIN Code: ZAE000006284 Correction With respect to the publication on 10 November of Sappi"s announcement of results for the quarter and year ended September 2005, Sappi regrets to advise that there is a transposition error in the Summary table. The Sales figure provided for the year ended September 2005 was incorrectly stated to be US$ 5, 108 million. The true figure is US $ 5, 018 million. The correct version of the table is reproduced below: Quarter ended September June September 2005 2005 2004
Sales (US$ million) 1,388 1,144 1,235 Operating profit (US$ million)** 5 (193) 72 EBITDA * (US$ million) ** 128 (76) 191 Operating profit to sales (%) 0.4 (16.9) 5.8 EBITDA to sales (%) * 9.2 (6.6) 15.5 Operating profit to average net assets (%) * 0.5 (17.7) 6.3 Headline EPS (US cents) * (7) (4) 26 EPS (US cents) (14) (77) 25 Return on average equity (ROE) (%) * (7.0) (34.6) 10.5 Net debt (US$ million) * 1,662 1,823 1,584 Net debt to total capitalisation (%) * 35.7 39.7 31.7 Year ended
September September 2005 2004 Sales (US$ million) 5,018 4,728 Operating profit (US$ million)** (137) 188 EBITDA * (US$ million) ** 353 653 Operating profit to sales (%) (2.7) 4.0 EBITDA to sales (%) * 7.0 13.8 Operating profit to average net assets (%) * (3.1) 4.1 Headline EPS (US cents) * 7 43 EPS (US cents) (94) 42 Return on average equity (ROE) (%) * (10.5) 4.6 Net debt (US$ million) * 1,662 1,584 Net debt to total capitalisation (%) * 35.7 31.7 Sappi apologises for any inconvenience caused. Date: 11/11/2005 08:11:05 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department