Trading Statement
2009年2月26日 - 11:10PM
RNSを含む英国規制内ニュース (英語)
TIDMMTX
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX
ISIN: ZAE000022745
Issuer code: MEMTX
("Metorex" or "the Company" or "the Group")
TRADING STATEMENT
Shareholders are advised that management's expectation for the company's
earnings for the six months ended
31 December 2008 compared with those of the prior comparative period, are as
follow:
* EBITDA between R450 million and R500 million (31 December 2007 - R538
million).
* Basic earnings between 40 cps and 45 cps (31 December 2007 - 83 cps).
* Headline earnings between 45 cps and 55 cps (31 December 2007 - 54 cps).
* Weighted average number of shares in issue increased by 13% to 379 million
from 335 million.
Shareholders are advised that the EBITDA includes profit on the closure of the
over-hedged copper position in Ruashi of R210 million. The comparative EBITDA
and earnings per share to December 2007 included a R158 million profit on the
reverse acquisition of Pan African Resources plc.
Earnings for the period were significantly affected by a 35% reduction in the
average copper price achieved.
The Ruashi Phase II operations are still being capitalised during its
commissioning and production ramp-up phase.
During the reporting period, the Group experienced increases in its unit costs
of production as a result of the commodity boom. Those increases have
subsequently declined significantly, following the dramatic meltdown in global
activity.
The financial information for the period ended 31 December 2008 has not been
reviewed or reported on by the Company's auditors. It is anticipated that the
result for the period ended 31 December 2008 will be published on 3 March 2009.
Johannesburg
26 February 2009
Sponsor Public relations adviser:
Barnard Jacobs Mellet Corporate Finance College Hill
(Pty) Limited
END
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