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PPC - Pretoria Portland Cement Company Limited - Trading statement

Release Date: 22/03/2011 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 paragraph 3.4(b)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. South African cement sales continue to decline. Industry figures released for the five months from October 2010 to February 2011 show a cumulative decline of 6.5%. The first half of PPC`s current financial year will end on 31 March 2011. Due to difficult trading conditions, PPC`s financial results for this reporting period are expected to decrease by more than 30% compared to those for the six months ending 31 March 2010. Further guidance will be provided once the management accounts for the reporting period have been completed and reviewed. The financial information, on which this trading statement is based, comprises of management accounts which have been prepared by the company and which have 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 2011 on or about 17 May 2011. Sandton 22 March 2011 Sponsor Merrill Lynch South Africa (Pty) Limited Financial Communications Advisor College Hill Date: 22/03/2011 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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