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PRETORIA PORTLAND CEMENT COMPANY LIMITED - TRADING STATEMENT AND CAUTIONARY

Release Date: 15/03/2004 11:55
Code(s): PPC
Wrap Text

PRETORIA PORTLAND CEMENT COMPANY LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT PRETORIA PORTLAND CEMENT COMPANY LIMITED (Registration number 1892/000667/06) JSE code : PPC ISIN : ZAE 000005559 ("PPC" or "the company") TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT In terms of Listings Requirements of the JSE Securities Exchange South Africa, PPC is required to issue a trading statement as soon as it becomes aware that its financial results for the next period to be reported on are expected to be materially different from those of the prior comparable period. The Chairman reported at the Annual General Meeting in January that trading for the first quarter had been favourable and that local cement sales volumes grew ahead of expectation. Domestic cement demand has continued to be buoyant and will result in stronger than anticipated growth in sales volumes and revenues for PPC. Accordingly, PPC advises that its headline earnings for the half-year ended to 31 March 2004 are expected to be materially higher than that of the previous corresponding period (materially being an increase of between 10% and 30% as defined in the JSE Listing Requirements). As the forecast has not been reviewed or reported on by PPC"s auditors, shareholders are advised to exercise caution when dealing in PPC shares until the release of the interim announcement of results for the half year ended 31 March 2004 which are expected to be published on or about 6 May 2004. By order of the Board Johannesburg 15 March 2004 Sponsor Cazenove Enquiries: Pretoria Portland Cement Company Limited Peter Esterhuysen Tel: +27 11 386-9061 Director, Finance and Administration Date: 15/03/2004 11:55:05 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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