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AFRICAN RAINBOW MINERALS LIMITED - Trading statement in respect of the year ended 30 June 2014

Release Date: 19/08/2014 16:05
Code(s): ARI     PDF:  
Wrap Text
Trading statement in respect of the year ended 30 June 2014

African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
(“ARM” or the “Company”)


Trading statement in respect of the year ended 30 June 2014

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE
Limited, a listed company is required to publish a trading statement as
soon as it is satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported on next will
differ by at least 20% from those of the previous corresponding period.

ARM’s basic earnings for the financial year ended 30 June 2013 (F2013)
were negatively affected by exceptional items amounting to R2.1 billion
after tax. In the 2014 financial year however, exceptional items were
considerably lower than F2013.

Accordingly, ARM announces that basic earnings per share for the 2014
financial year are expected to increase to between 1 460 and 1 580 cents
per share (F2013: 654 cents per share).

Headline earnings per share are not affected by exceptional items and
are expected to increase to between 1 830 and 1 950 cents per share
(F2013: 1 735 cents per share).

The financial information on which this trading statement is based has
neither been reviewed nor reported on by the external auditors of ARM.

The Company’s provisional   results   will   be   released   on   Thursday,   4
September 2014.

ENDS
For all investor relations queries please contact:

Jongisa Magagula
Corporate Development and Head of Investor Relations
Office:   +27 11 779 1300
E-mail:   jongisa.magagula@arm.co.za

Johannesburg
19 August 2014
Sponsor: Deutsche Securities (SA) Proprietary Limited

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