Sharenet Sites 
Sharenet Sites
Trading statement
Protech Khuthele Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/024352/06)
JSE code: PKH & ISIN: ZAE000101986
("Protech" or "the Company")
TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE Limited (“JSE”) Listings Requirements, an issuer is
required to publish a trading statement as soon as the issuer and its directors are satisfied that
there is a reasonable degree of certainty that the financial results for the next reporting period
will differ by at least 20% from those of the previous corresponding period. Shareholders are
advised that Protech’s annual financial results for the year ending 28 February 2014 are
expected to show a decrease of greater than 20% when compared with the corresponding
period in 2013.
Operating profit has been adversely affected during the second six months of the 2014 financial
year, mainly due to difficulties experienced in completing a mining infrastructure project in the
Democratic Republic of the Congo (“DRC”). Protech holds a one-third share in the project which
has required substantial amounts of working capital funding and hence has placed the cash
resources in the South African operations under considerable strain.
Locally, revenue achieved is below expectations due to adverse trading and market conditions
during 2013. This has resulted in margin pressure, partly offset by an ongoing decrease in fixed
costs.
Going forward, and in line with Protech’s strategy, the imminent completion of the project in the
DRC will see an end to the Group’s “Africa” exposure in the short to medium term. The project is
expected to realise minimal profits and will return to normalised cash levels from April 2014.
The order book is currently 59 percent up from the comparable date in 2013. This is primarily
due to the implementation of a strategy which has seen contracts secured in the public sector
and targeted sub-contracting to major contractors. The Group’s income is less subject to sector
and geographic concentration risk and is supported by a strong improvement in project delivery,
with the South African operations having achieved expected profit margins.
Protech will publish its full year results for the 2014 financial year on or about 26 May 2014.
The financial information on which this trading statement is based has not yet been audited or
reported on by the Company’s auditors.
Lanseria
31 January 2014
Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited
Date: 31/01/2014 05:05:00 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.
