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PPC - Pretoria Portland Cement Company Limited - Trading statement

Release Date: 19/10/2010 08:00
Code(s): PPC
Wrap Text

PPC - Pretoria Portland Cement Company Limited - 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 referred to PPC`s trading statement dated 28 October 2009 and that the R490 million IFRS2 charge relating to PPC`s Broad Based Black Economic Empowerment transaction and the take-on gain of R213 million relating to the consolidation of Portland Holdings Limited, the company`s Zimbabwean operations, outlined in the Group results for the year ended 30 September 2009 will not recur. As a result of the non-recurrence of these charges, PPC`s headline earnings per share ("HEPS") are expected to be between 20% and 30% higher for the year ended 30 September 2010 compared to the previous corresponding period. Earnings per share ("EPS") are expected to be within a 10% range of the previous corresponding period`s EPS. PPC further advises that, excluding the above mentioned adjustments, normalised EPS and HEPS for the year ended 30 September 2010 are expected to be between 10% and 20% lower than the previous corresponding period. The financial information, on which this trading statement is based, has not been reviewed or reported on by the company`s external auditors. PPC expects to release its annual results for the year ended 30 September 2010 on or about 9 November 2010 and stakeholders are reminded that the company is in a closed period until then. Sandton 19 October 2010 Sponsor Merrill Lynch South Africa (Pty) Limited Financial Communications Advisor College Hill Date: 19/10/2010 08:00:01 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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