🕐29.01.14 - 09:00 Uhr
ANNOUNCEMENT: PAN AFRICAN RESOURCES TRADING UPDATE
29 January 2014
Pan African Resources trading update
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, a
listed company is required to publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next, will differ by at least 20
per cent from those of the previous corresponding period.
The Company
advises shareholders that it expects its earnings per share in South African
Rand ("ZAR") terms will be over 20 per cent higher for the six months ended
31 December 2013 than those for the six months ended 31 December 2012.
Pan African is incorporated in England and Wales under Companies Act 1985
and accordingly its presentation currency is Pound Sterling ("GBP").
Earnings per share and headline earnings per share, calculated in ZAR, using
the average ZAR:GBP exchange rate of 15.94 that prevailed for the six months
ended 31 December 2013 (six months ended 31 December 2012: 13.49), is
expected to be between 27 per cent and 34 per cent higher than those for the
previous corresponding period (six months ended 31 December 2012: 11.50
cents per share).
The earnings per share and headline earnings per share for the six months
ended 31 December 2013, denominated in GBP, is expected to be between 8 per
cent and 15 per cent higher than those for the previous corresponding period
(six months ended 31 December 2012: 0.85 pence per share).
The financial information for the six months ended 31 December 2013 and
contained in this trading update has neither been reviewed nor reported on
by the Company`s auditors.
It is anticipated that the Companys unaudited results for the six months
ended 31 December 2013 will be released on 19 February 2014.
ENDS
Logo_sharper02
media & investor relations
louise brugman
managing director
Tel: +27 (0) 11 787 3015
Cell: +27 (0) 83 504 1186
skype louise.brugman
Email:
Web: www.vestor.co.za
Description: Description: Description: Go Green
Products & Services | Jobs
|