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TRANS HEX GROUP LIMITED - Trading Statement

Release Date: 31/10/2014 11:52
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 “Group”)

TRADING STATEMENT

Trans Hex is currently finalising its results for the six months ended 30 September 2014 which should
be released on SENS on or about 3 November 2014.

Results in this Trading Statement are compared with the six months ended 30 September 2013 (“the
Corresponding Period”).

The Group expects to report:
– net profit of R35,8 million (September 2013: loss of R53,9 million);
– profit after tax from continuing operations of R25,2 million (September 2013: loss of R69,0 million);
– an increase of R56,5 million in the net cash position to R351,1 million (September 2103: R294,6
  million);
– earnings per share of 34,1 cents (September 2013: loss per share of 51,0 cents);
– headline earnings per share of 34,1 cents (September 2013: headline loss per share of 51,0
  cents); and
– an increase of 91,0 cents in net asset value per share to 541,0 cents (September 2013: 450,0
  cents).

COMMENTS

The following salient points will be fully reported upon when the Group releases its results:
– South African production increased by 48,5% from 21 849 carats in the Corresponding Period to
  32 450 carats.
– Sales revenue increased by 59,4% in Rand terms to R414,1 million (September 2013: R259,7
  million).
– The cost of goods sold increased by 5,4% to R337,7 million (September 2013: R320,3 million).
– Profit before tax of the South African operations amounted to R44,5 million against a loss of R88,6
  million in the Corresponding Period.
– In Angola, production at Somiluana Mine increased to 44 400 carats (September 2013: 35 779
  carats) and total sales increased to US$21,3 million (September 2013: US$16,9 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
31 October 2014

Sponsor
One Capital

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