TRADING STATEMENT FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2016

Shareholders are advised that Exxaro and its directors have reasonable certainty relating to the expected financial results of Exxaro for the six-month period ended 30 June 2016.

Consolidated net operating profit is expected to increase by between R175 million (10% increase) and R359 million (20% increase) mainly due to higher coal sales volumes albeit at lower average realised prices.

Attributable earnings are expected to be between R14 million (1% increase) and R123 million (11% increase) higher than the comparative period primarily due to the higher net operating profit contribution from the coal business, partially offset by lower equity-accounted earnings from investments. Attributable earnings per share (AEPS) are therefore expected to be between 333 cents per share (1% increase) and 363 cents per share (10% increase).

Headline earnings per share (HEPS) are expected to be between 284 cents per share(6% decrease) and 310 cents per share (2% increase).

Shareholders are advised that Exxaro will release its reviewed financial results for the six-month period ended 30 June 2016 on 18 August 2016.

The forecast financial information on which this trading statement is based has not been reviewed, audited nor reported on by Exxaro’s external auditors. This statement is issued in compliance with the JSE Limited Listings Requirements.

Editor’s note:
Exxaro is one of the largest South African based diversified resources companies, with interests in the coal, titanium dioxide, chemicals, iron ore and energy commodities. www.exxaro.com

Enquiries:
Mzila Mthenjane, Executive head: strategy & stakeholder engagement
Tel: + 27 12 307 7393
Mobile: +27 83 417 6375
Email: Mzila.mthenjane@exxaro.com

Pretoria
5 August 2016

Sponsor:
Absa Bank Limited (acting through its corporate and investment banking division).

This entry was posted in Latest News. Bookmark the permalink.