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DELTA EMD LIMITED - Trading update and trading statement for the six months ended 27 June 2017

Release Date: 25/07/2017 08:55
Code(s): DTA     PDF:  
Wrap Text
Trading update and trading statement for the six months ended 27 June 2017

Delta EMD Limited
Incorporated in the Republic of South Africa)
Registration number 1919/006020/06
ISIN: ZAE000132817
Share code: DTA
(“Delta EMD” or “the Group”)


Trading Update

The remediation of the Nelspruit plant site continues in line with plan
and budget. All required reports have been submitted timely to the
Department of Environmental Affairs and no concerns have been raised.

Efforts to market and sell the Nelspruit plant site also continue. No
bids for the site were made at the auction held on 29 June 2017.
Interest continues to be expressed for the site.

The Group reviews all assets for impairment at year end.

Trading Statement

Paragraph 3.4 (b) of the Listings Requirements of the JSE Limited
requires a company to publish a trading statement in the event that
the company is satisfied with a reasonable degree of certainty that
its earnings per share and headline earnings per share for the period
will differ from the previous corresponding reporting period by at
least 20%.

Delta EMD is currently finalising its results for the six months ended
27 June 2017 (“the period”). The results will be released in September

Shareholders are advised that Delta EMD expects its loss per share and
its headline loss per share for the period to be between 4.0 and 4.9
cents, or between 39% and 26% less than the loss per share and headline
loss of 6.6 cents for the previous corresponding reporting period.

The forecast financial information on which this trading statement is
based has not been reviewed nor reported on by the Group’s external

25 July 2017
Deloitte & Touche Sponsor Services Proprietary Limited

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