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PROTECH KHUTHELE HOLDINGS LIMITED - Trading statement

Release Date: 04/10/2013 09:30
Code(s): PKH     PDF:  
Wrap Text
Trading statement

Protech Khuthele Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/024352/06)
JSE code: PKH & ISIN: ZAE000101986
("Protech Khuthele" 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.

Shareholders are advised that Protech Khuthele is currently finalising its interim financial
results for the period ended 31 August 2013 and that the basic earnings per share is
anticipated to decrease to between 2.9 and 3.3 cents and headline earning per share
between 2.5 and 2.9 cents for the period, compared to earnings per share of 4.1 cents and
headline earnings per share of 3.7 cents for the interim period ended 31 August 2012.

The reduction in earnings is primarily due to approximately R13 million costs incurred as a
result of the Eqstra Holdings Limited’s general offer to acquire the entire issued ordinary
share capital of the company that it does not already own. The offer lapsed at the end of
July 2013 and the company is not anticipating to incur further costs in this regard. The
decline in work from the mining industry and the delay in the rollout of government
infrastructure projects also affected earnings adversely.

The financial information on which this trading update is based has not yet been audited or
reported on by the company’s auditors.

The company’s reviewed interim financial results for the period ended 31 August 2013 are
expected to be published on SENS on or about 28 October 2013.

Lanseria
4 October 2013

Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited

Date: 04/10/2013 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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