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Shareholder and Trading Update
PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET
ISIN: ZAE000076014
("Petmin" or "the Company")
Shareholder and Trading Update
In terms of the Listings Requirements of JSE Limited, companies are required to publish
a trading statement as soon as they are satisfied that a reasonable degree of certainty
exists that the financial results for the period to be reported on will differ by 20% or
more from the financial results of the previous corresponding period.
Shareholders are advised that following a solid operational performance at its
Somkhele anthracite mine, Petmin's headline earnings for the year ended 30 June 2015
are expected to increase by approximately 60% to approximately 24 cents per share
(2014: 14.95 cents). Despite a flat pricing environment, the strong operational
performance is attributed to increased production and sales volumes, improved plant
yields and effective cost management.
Earnings per share for the year ended 30 June 2015 is expected to be approximately 23
cents per share compared to the loss per share of 20.70 cents for the year ended 30
June 2014. The loss for the year ended 30 June 2014 was as a result of the impairment
of the investment in Veremo of R181 million and the impairment of Iron Bird of R19
million. (These impairment losses were non-cash items).
This trading statement and SENS announcement has not been reviewed or audited by
the Company`s auditors.
The Company's annual results for the year ended 30 June 2015 are expected to be
published on SENS on or about 8 September 2015.
Enquiries:
Petmin: Bradley Doig
+27 11 706 1644
+27 11 706 1644
Media: Jonathon Rees (Communications and investor relations)
Jonathon Rees (Communications and investor relations)
+27 76 185 1827
+27 76 185 1827
Sponsor and Corporate Adviser
River Group
Johannesburg
4 September 2015
Date: 04/09/2015 08:30:00 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.
