Updated Trading Statement
Protech Khuthele Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/024352/06)
JSE code: PKH & ISIN: ZAE000101986
(“Protech” or “the Company” or “the Group”)
Updated trading statement
Further to the trading statement, published in terms of paragraph 3.4(b) of the JSE Limited
Listings Requirements, dated 13 March 2014 shareholders are advised that Protech’s annual
financial results for the year ended 28 February 2014 are expected to show a loss per share
of between 29 and 32 cents, and a headline loss per share of between 30 and 33 cents per
share, compared to earnings per share of 4.4 cents and headline earnings per share of 3.9
cents in the previous financial year.
Further investigations instructed by the board of directors have revealed that the project
performance of the DRC joint venture and the cash due from the joint venture to the
company, has continued to worsen, resulting in losses to be provided in addition to those
already accounted for at the trading update on 13 March 2014. Protech is in a venture, for
this contract, with a leading South African construction company and Protech’s participation
in the venture is limited to 33.33%.
The imminent completion of the DRC project will see an end to the Group’s foreign exposure
in the short to medium term, and no further adverse effects are expected on the Group’s
profitability going forward.
Protech will publish its full year results for the 2014 financial year on or about 18 June 2014.
The financial information on which this trading statement is based has not been reviewed or
reported on by the Company’s auditors.
Lanseria
17 June 2014
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd
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