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TRANS HEX GROUP LIMITED - Trading statement

Release Date: 28/05/2013 14:00
Code(s): TSX     PDF:  
Wrap Text
Trading statement

TRANS HEX GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number (1963/007579/06)
Share code: TSX
ISIN: ZAE000018552
("Trans Hex" or “the Company” or “the Group”)

TRADING STATEMENT

Trans Hex is currently finalising its results for the twelve months ended 31 March 2013 (“the period”),
which should be released on SENS on or about 3 June 2013.

The Group expects to report net profit for the period of R85,4 million compared to net profit of R208,3
million in the corresponding previous reporting period, the difference resulting primarily from a decline in
profits from discontinued operations in Angola to R20,4 million compared to R127,4 million in 2012.

Profit after tax from continuing operations is expected to be R65,0 million, against profit of R80,9 million in
2012.

The Group is expecting to report earnings per share of 79,7 cents (March 2012: 196,0 cents) and headline
earnings per share of 69,9 cents (March 2012: 195,5 cents).

COMMENTS

The following salient points will be fully reported upon when the Group releases its results:

    -   South African operations generated a profit before tax of R88,2 million for the period, compared to
        R114,6 million in the corresponding previous reporting period.
    -   South African production amounted to 67,115 carats (March 2012: 84,409 carats).
    -   Sales revenue remained steady in Rand terms at R751,3 million (March 2012: R754,5 million).
    -   Net cash generated during the period was R36,0 million (March 2012: R79,9 million) resulting in the
        Group’s net cash position at the end of the period being R383,4 million (March 2012: R347,4
        million).
    -   Production at Somiluana in Angola amounted to 41,313 carats during the period (March 2012:
        45,869 carats). Sales totalled US$14,9 million (March 2012: US$21,7 million).

The financial information on which this trading statement is based has not been reviewed and reported on by
the Company’s auditors.


Cape Town
28 May 2013

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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