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PPC - Pretoria Portland Cement Company - Trading Statement

Release Date: 23/04/2010 14:41
Code(s): PPC
Wrap Text

PPC - Pretoria Portland Cement Company - Trading Statement PRETORIA PORTLAND CEMENT COMPANY LIMITED (Incorporated in the Republic of South Africa) (Company registration number: 1892/000667/06) JSE Code: PPC ISIN: ZAE000125886 ("PPC" or "the company") TRADING STATEMENT In terms of the Listing Requirements of the JSE Limited, companies are required to publish a Trading Statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by more than 20% from those of the previous corresponding period. Shareholders are reminded of PPC`s trading statement of 4 May 2009 and the non- recurrence of the R487m IFRS2 charge relating to PPC`s Broad Based Black Economic Empowerment ("BBBEE") transaction that was accounted for in the six months ended 31 March 2009. As a result PPC`s earnings per share ("EPS") and headline earnings per share ("HEPS") are expected to be between 450% and 470% higher for the six months ended 31 March 2010. PPC further advises that EPS and HEPS for the six months ended 31 March 2010 are expected to be between 5% and 15% higher than the previous corresponding period excluding the effects of the IFRS2 charge relating to the BBBEE transaction. The information contained in this trading statement has not been reviewed or reported on by the company`s external auditors. PPC will release its interim results for the six months ended 31 March 2010 on 11 May 2010. Sandton 23 April 2010 Sponsor Merrill Lynch South Africa (Pty) Limited Financial Communications Advisor College Hill Date: 23/04/2010 14:41:04 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.

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