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DTA - Delta EMD Limited - Trading statement update for the year ending 27 December 2011 Delta EMD Limited Incorporated in the Republic of South Africa Registration number 1919/006020/06) Share code: DTA ISIN: ZAE000132817 ("Delta" or "the Group") TRADING STATEMENT UPDATE FOR THE YEAR ENDING 27 DECEMBER 2011 Delta shareholders are referred to the Group`s unaudited results announcement for the six months ended 27 June 2011 and the comments on prospects contained therein dated 4 August 2011. The Group expects its 2011 second half sales revenue and volumes to be higher than during both the first half of 2011 and the second half of 2010. The Group`s sales mix are also expected to improve during the second half of 2011, with increased sales into the higher margin EMD market segment. Whilst the Group`s volumes and sales revenues are expected to be higher, contribution margin per unit are expected to be lower than the first half of 2011 and second half of 2010, as a result of competitive US dollar selling prices and manufacturing cost increases being absorbed by the Group. The Group`s production volumes during the second half of 2011 are expected to be higher than the first half 2011 and second half 2010 volumes, contributing to improved manufacturing overhead recoveries. The global EMD market shows a slight recovery in demand when compared to the first half of 2011 and second half of 2010,but market prices remain under pressure with major battery producers sourcing most of their EMD requirements from domestic EMD suppliers who are operating at near full capacity. The Group`s administration cost in respect of the Australia plant site has been reduced, and the sale of the plant site in Australia is not envisaged to be completed during 2011. The Group`s 2011 full year profit before taxation is expected to be lower than the profit before tax of R178.1 million for the full year ended 28 December 2010, which included R132.5 million related to the sale of the Australian residue disposal site. Earnings after taxation for the full year ending 27 December 2011 are forecast to be between R16 million and R22 million (2010: R120 million). Headline earnings after taxation for the full year ending 27 December 2011, are forecast to be between R16 million and R22 million (2010: R69 million). Earnings per share for the full year ending 27 December 2011 are forecast to be between 33 cents and 45 cents (2010: 246.9 cents), and headline earnings per share for the full year ending 27 December 2011 are forecast to be between 33 cents and 45 cents (2010: 140.5 cents). The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Group`s external auditors. Delta`s results for year ending 27 December 2011 are expected to be released on SENS on 13 February 2012. Nelspruit 18 October 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/10/2011 08:45:01 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.
