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DELTA EMD LIMITED - TRADING STATEMENT FOR THE YEAR ENDING 27 DECEMBER 2012

Release Date: 17/08/2012 08:14
Code(s): DTA     PDF:  
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TRADING STATEMENT FOR THE YEAR ENDING 27 DECEMBER 2012

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 FOR THE YEAR ENDING 27 DECEMBER 2012

Delta shareholders are referred to:

 - the Group’s audited results for the year ended 27 December 2011
   released on SENS on 27 March 2012 (“the previous period”); and

 - the unaudited results for the interim period ended 27 June 2012
   released on SENS on 15 August 2012, and to the commentary
   contained therein.


The previous period’s results included a capital gains taxation
reversal of R24 million due to a favourable tax ruling relating to
the 2010 sale of the Group’s Australian residue disposal site.
This taxation reversal represented 43% of profit after tax for the
previous period.

The Group is required to issue a trading statement if the Group's
earnings per share for the year ending 27 December 2012 are
expected to show a reduction of at least 20% from those reported
for the previous period. Given the non-recurrence of the
Australian capital gains taxation reversal, the Group’s earnings
per share are expected to reduce by at least 20%. Headline
earnings per share were not affected by the capital gains tax
reversal.

While the Group’s earnings per share are expected to reduce from
those reported for the prior period due to the non-recurrence of
the capital gains tax reversal, it is not yet possible to forecast
with reasonable certainty the Group’s earnings per share and
headline earnings per share for the year ending 27 December 2012
within the 20% range required by the JSE Limited Listing
Requirements. It is expected that a trading statement for the year
ending 27 December 2012 will be issued later in the reporting
period.

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 2012 are expected to
be released on SENS on or about 15 February 2013.

Nelspruit

17 August 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 17/08/2012 08:14:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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