PRETORIA PORTLAND CEMENT COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE000125886
("PPC" or "the company")
TRADING STATEMENT
In terms of the Listing Requirements of the JSE Limited, companies are required to publish a Trading Statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by more than 20% from those of the previous corresponding period.The board of directors of PPC advises that its earnings per share and headline earnings per share for the six months ended 31 March 2009 are expected to be between 75% and 90% less compared with the respective amounts reported for the comparable period ended 31 March 2008. Shareholders are reminded that the main contributor to this decrease is the IFRS 2 charge which is a consequence of the BBBEE transaction and which was anticipated and outlined in the SENS announcement on 28 August 2008 and in the circular to shareholders on 16 October 2008.Earnings per share and headline earnings per share excluding the IFRS 2 charge relating to the BBBEE transaction do not differ by more than 20% from those of the previous corresponding period.The information contained in this trading statement has not been reviewed or reported on by the company’s external auditors. PPC will release its interim results for the period ended 31 March 2009 on 12 May 2009.
4 May 2009
Sponsor
Merrill Lynch South Africa (Pty) Limited

View All