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DELTA EMD LIMITED - Trading statement for the period ended 27 June 2013

Release Date: 12/07/2013 09:45
Code(s): DTA     PDF:  
Wrap Text
Trading statement for the period ended 27 June 2013

Delta EMD Limited
Incorporated in the Republic of South Africa
Registration number 1919/006020/06)
Share code: DTA   ISIN: ZAE000132817
(“Delta EMD” or “the Group”)

TRADING STATEMENT FOR THE PERIOD ENDED 27 JUNE 2013

Delta EMD shareholders are referred to the trading statement
released on SENS on 17 May 2013 for the six months ended 27 June
2013 (the “period”), and to the commentary contained therein.

Earlier uncertainties surrounding changes in customers’ delivery
requirements and possible port delays were resolved favourably and
sales volumes late in the period were relatively strong.
Consequently the Group’s results for the period are forecast to be
at the high end of the earlier forecast, and the Group’s Earnings
per share and Headline Earnings per share for the period are now
forecast to be between 18.31 cents and 19.17 cents (2012: 4.30
cents).

The Group’s results for the period reflect continuing soft market
conditions. Lower than planned sales volumes for the period were
offset in part by an improved sales mix and by higher average
selling prices. The Group’s results also include some operational
inefficiencies resulting in part from limited production volumes,
and were assisted by foreign exchange gains.

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 EMD’s results for the period ended 27 June 2013 are expected
to be released on SENS on or about 21 August 2013.

Nelspruit
12 July 2013

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

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