Shareholders are advised that the company’s earnings per share and headline earnings per share for the six month period ended 31 December 2007 are expected to be between 190 and 210 cents. This compares with the earnings of 280 cents per share reported for the previous comparable period ended 31 December 2006. The expected decrease in earnings results primarily from lower sales volumes as a consequence of lower production following unplanned safety related stoppages and an increase in inventory.
The financial results on which this trading update has been based have not been reviewed or reported on by the company’s auditors.
It is anticipated that the interim results for the six months ended 31 December 2007 will be released on or about 13 February 2008.
Barnard Jacobs Mellet Corporate Finance (Pty) Limited