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Trading statement in respect of the six months ended 31 December 2010 |
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Johannesburg, 17 February 2011
In terms of paragraph 3.4(b) of the Listings Requirements of the 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% from those of the previous corresponding period. ARM?s interim results for the six months to 31 December 2010 (in comparison to the corresponding six months to 31 December 2009) have been positively impacted by a significant improvement in commodity markets and US Dollar prices for commodities. ARM?s results have further benefited from continuing growth as the Company?s key growth projects ramp up production. The results for the period were however negatively impacted by the strengthening of the Rand versus the US Dollar. Accordingly, ARM announces that it expects headline earnings per share to increase for the six months ended 31 December 2010 to between 710 and 750 cents per share (1H F2010: 214 cents per share). Basic earnings per share are expected to be in line with headline earnings per share and therefore expected to be in the same range. (1H F2010: 213 cents per share). The financial information on which this trading statement is based has not been reviewed or reported on by the external auditors of ARM. The company?s full interim results will be released on Monday 28 February 2011. For all investor relations queries please contact: Jongisa Klaas Corporate Development and Head of Investor Relations Office: +27 11 779 1507 Mobile: +27(0)82 562 5288 E-mail: jongisa.klaas@arm.co.za |
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________________________________________________________________________________________________________________________________________________________________________________ The information contained in this message is privileged and intended only for the recipients named. If the reader is not a representative of the intended recipient, any review, dissemination or copying of this message or the information it contains is prohibited. If you have received this message in error, please immediately notify the sender, and delete the original message and attachments. ________________________________________________________________________________________________________________________________________________________________________________ This message, including any attachments, is confidential and may be privileged or otherwise protected from disclosure. If you are not the intended recipient, please telephone or email the sender and please delete this message and any attachments from your system. If you are not the intended recipient you should not copy this message or its attachments or disclose their contents to any other person. African Rainbow Minerals Limited does not warrant that this e-mail, including any attachments, is virus free. You should therefore take full responsibility for virus checking. African Rainbow Minerals is a limited liability company registered in The Republic of South Africa with registration number 1933/004580/06. The Registered Office address is ARM House, 29 Impala Road, Chislehurston, Sandton, 2146. For further information about African Rainbow Minerals Limited please see our website at www.arm.co.za or refer to any African Rainbow Minerals Limited office.