To view the PDF file, sign up for a MySharenet subscription.

PPC - Pretoria Portland Cement Company Limited - Trading statement

Release Date: 20/04/2011 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 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 published on SENS on 22 March 2011, wherein the Company stated that its financial results for the six months ended 31 March 2011 would decrease by more than 30% compared to the six months ended 31 March 2010 and that further guidance would be provided once management accounts for the period had been completed. PPC now advises that earnings per share and headline earnings per share for the six months ended 31 March 2011 are expected to be between 35% and 40% lower compared to the previous corresponding period. The company further advises that the decrease in earnings per share is mainly attributable to the negative impact of a challenging business environment on sales volumes, selling prices and input costs across all its operations. 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 17 May 2011. Sandton 20 April 2011 Sponsor Merrill Lynch South Africa (Pty) Limited Financial Communications Advisor College Hill Date: 20/04/2011 08:00:22 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.

Share This Story