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SENTULA MINING LIMITED - Trading statement for the period ended 30 June 2016

Release Date: 22/09/2016 10:40
Code(s): SNU     PDF:  
Wrap Text
Trading statement for the period ended 30 June 2016

Sentula Mining Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: SNU : ISIN: ZAE000107223
(“Sentula” or “the Company”)


TRADING STATEMENT FOR THE PERIOD ENDED 30 JUNE 2016

In terms of the JSE Limited Listings Requirements, companies are required to publish a trading
statement as soon as they are satisfied, with a reasonable degree of certainty, that the financial results
for the period to be reported upon next will differ by at least 20% from those of the previous
corresponding reporting period.

Sentula is in the process of finalising its annual results for the 15 month period ended 30 June 2016,
which will be released on SENS on or about 30 September 2016.

Accordingly, shareholders are advised that, for the 15 months period ended 30 June 2016, the
Company’s –

    -   loss per share is expected to be between 39.52 cents and 43.95 cents (2015: loss of
        49.18* cents per share), being a decrease in the loss per share of between 19% and 11%
        compared to the loss reported for the 12 months ended 31 March 2015; and

    -   headline loss per share is expected to be between 27.82 cents and 31.44 cents (2015: loss of
        40.22* cents per share), being a decrease in the loss per share of between 30% and 23%
        compared to the loss reported for the 12 months ended 31 March 2015.

*Note: the 31 March 2015 results have been re-presented to reflect the effects of the rights offer (which
closed on 18 March 2016). Further information in respect of the aforementioned re-presentation is
included in the interim results of Sentula for the 12 month period ended 31 March 2016, as released on
SENS on 27 June 2016.

In considering the above movements in earnings and headline earnings per share, shareholders’
attention is drawn to the announcement released on SENS on 22 March 2016 wherein Sentula advised
shareholders that it had changed its year end from 31 March to 30 June. Accordingly, the financial
results for the period ended 30 June 2016 are in respect of a 15 month period (commencing on
1 April 2015) and are therefore not directly comparable to the results for the 12 month period ended
31 March 2015.

The financial information on which this trading statement is based has not been reviewed or reported
on by the Company’s external auditors.


Johannesburg
22 September 2016

Sponsor:
Questco (Pty) Ltd

Date: 22/09/2016 10:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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