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PKH - Protech Khuthele Holdings Limited - Trading statement

Release Date: 16/05/2012 16:40
Code(s): PKH
Wrap Text

PKH - Protech Khuthele Holdings Limited - Trading statement Protech Khuthele Holdings Limited Registration number 2000/024352/06 JSE code: PKH ISIN: ZAE000101986 ("Protech" or "the group" or "the company") TRADING STATEMENT In terms of section 3.4 of the JSE Limited Listings Requirements, 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 will be more than 20% different from that of the previous corresponding period. Protech is currently finalising its annual financial results for the year ended 29 February 2012 and shareholders are advised that the company expects a basic loss per share of between 3.0 and 3.6 cents and a headline loss per share of between 1.0 and 1.2 cents for that period, compared to earnings per share of 10.8 cents and headline earnings per share of 11.8 cents respectively for the year ended 28 February 2011. The group`s performance in 2012 reflected the tight operating environment which is impacting the infrastructure and mining environments. The contracting business unit incurred a loss, largely due to losses recognised on three projects in Africa that the group has fully exited and accounted for in the 2012 financial year. The Readymix and Geotechnical business units were profitable for the year under review. The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. The company`s annual financial results for year ended 29 February 2012 are expected to be published on SENS on or about 28 May 2012. Lanseria 16 May 2012 Sponsor Deloitte & Touche Sponsor Services Proprietary Limited Date: 16/05/2012 16:40:01 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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