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JBL - Jubilee Platinum Plc - Trading Statement

Release Date: 29/09/2011 10:00
Code(s): JBL
Wrap Text

JBL - Jubilee Platinum Plc - Trading Statement JUBILEE PLATINUM PLC AIM: JLP JSE: JBL Registration number: 4459850 ISIN: GB0031852162 ("Jubilee") Trading Statement In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the next period to be reported on will show a 20% or more difference from those of the previous corresponding period. Jubilee expects a significant increase in the reported revenue of between 470% and 490% with a corresponding increase in gross profits of between 480% and 500% for the financial year ended 30 June 2011 compared to the previous comparative period. This increase in both revenue and gross profits is primarily generated by its smelting operation through Jubilee`s continued investment into the expansion of its smelting operations. Jubilee is further expecting a decrease in earnings per share of between 130% and 150% for the financial year ended 30 June 2011 compared to that of the previous comparative period and a decrease in headline earnings per share of between 130% and 150% for the financial year ending 30 June 2011 compared to that of the previous comparative period. This decrease in headline earnings is mainly influenced by financial entries related to the acquisition of both the smelter operations and power plant by Jubilee as well as increased expenditure related to the ramp-up of the smelter operations. The information in this trading statement has not been reviewed or reported on by Jubilee`s auditors. The year-end results announcement is expected to be published on or about 30 September 2011. Johannesburg 29 September 2011 Sponsor Sasfin Capital (A division of Sasfin Bank Limited) Date: 29/09/2011 10:00:01 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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