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METMAR LIMITED - Trading statement

Release Date: 22/05/2015 13:05
Code(s): MML     PDF:  
Wrap Text
Trading statement

METMAR LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/007269/06)
Share code: MML
ISIN code: ZAE000078747
(“Metmar” or "the Company")

                                          TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement
when satisfied to a reasonable degree that the financial results for the period to be reported upon will differ
by 20% or more from the financial results of the previous corresponding period.

Shareholders are advised that the Company’s attributable loss per share for the year ended 28 February
2015 is expected to improve to between 58.58 cents and 48.82 cents (2014 : loss per share of 60.9 cents),.
while headline loss per share is expected to deteriorate to between 70.04 cents and 58.36 cents (2014 :
loss per share of 17.60 cents). This represents a decrease of between 2% to 22% in the Company’s
attributable loss per share and an increase of 255% to 275% in the Company’s headline loss per share.

During the financial year the Company endured challenging trading conditions characterised by low
commodity prices, decreasing margins and reduced demand.

The Company’s auditors have not reported on the financial information on which this trading statement is
based. Shareholders are advised that the results for the year ended 28 February 2015 will be announced
no later than 28 May 2015.

22 May 2015
Bryanston

Sponsor
Nedbank

Date: 22/05/2015 01:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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