DTA DTA - Delta - Revised Trading Statement for the
year ended 27 December 2011 Delta EMD Limited Incorporated in
the Republic of South Africa Registration number:
1919/006020/06 Share code: DTA ISIN: ZAE000132817
("Delta" or "the Group") REVISED TRADING
STATEMENT FOR THE YEAR ENDED 27 DECEMBER 2011 Delta
shareholders are referred to the Group's trading
statement dated 18 October 2011 and to the commentary and
earnings forecast contained therein. In this regard,
shareholders are advised that due to improved contribution
margins resulting from the weakening of the Rand in the last
quarter of 2011 and lower manufacturing costs, the Group now
expects its full year profit before tax to be higher than
indicated in the previously published trading statement. In
addition, the Group's 2011 results are expected to be
enhanced by a favourable tax ruling received in Australia
relating to the 2010 sale of the Group's Australian
residue disposal site. The 2010 taxation charge of R22
million related to that sale will be reversed in the
Group's 2011 accounts. Earnings before taxation for the
full year ended 27 December 2011 are forecast to be between
R34 million and R47 million (2010: R178 million). The
Group's 2010 earnings before taxation included a R80
million gain on the sale of the Group's Australian
disposal site and a R52 million reversal of rehabilitation
provisions maintained for that site. Earnings after taxation
for the full year ended 27 December 2011 are forecast to be
between R43 million and R56 million (2010: R120 million).
Headline earnings after taxation for the full year ended 27
December 2011, are forecast to be between R26 million and R34
million (2010: R69 million). Earnings per share for the full
year ended 27 December 2011 are forecast to be between 87
cents and 114 cents (2010: 246.9 cents), and headline
earnings per share for the full year ended 27 December 2011
are forecast to be between 53 cents and 69 cents (2010: 140.5
cents). The forecast financial information on which this
trading statement is based has not been reviewed and reported
on by the Group's external auditors. Delta's results
for the year ended 27 December 2011 are expected to be
released on SENS on or about 13 February 2012. Nelspruit 20
January 2012 Sponsor RAND MERCHANT BANK (A division of
FirstRand Bank Limited) Date: 20/01/2012 08:00:00 Produced by
the JSE SENS Department. The SENS service is an information
dissemination service administered by the JSE Limited
('JSE'). The JSE does not, whether expressly, tacitly
or implicitly, represent, warrant or in any way guarantee the
truth, accuracy or completeness of the information published
on SENS. The JSE, their officers, employees and agents accept
no liability for (or in respect of) any direct, indirect,
incidental or consequential loss or damage of any kind or
nature, howsoever arising, from the use of SENS or the use
of, or reliance on, information disseminated through
SENS.
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