Trading statement for the six months ended 30 June 2011
RBPlat is in the process of finalising its financial results for the six months ended 30 June 2011. The company advises that it anticipates earnings per share ("EPS") and headline earnings per share ("HEPS") for the six months ended 30 June 2011, to be between 95 cents and 110 cents, based on a weighted average number of shares of 163 677 799. This compares to an EPS and HEPS of 132 cents based on a weighted average number of shares of 137 057 500 for the previous corresponding period (the six months ended 30 June 2010). The increase in the weighted average number of shares of 26.6 million results from shares issued in November 2010, as part of the Initial Public Offering and listing of the RBPlat`s entire issued share capital on the JSE.
The results were also impacted by the new higher level of amortisation and depreciation charge related to the fair value adjustment, a non-recurring optimisation project cost and a non-recurring income inflow from the settlement of intercompany balances. Based on the latest estimate, after taking account of the above mentioned items, the normalised EPS for the six months ended 30 June 2011 is anticipated to be between 110 cents and 130 cents.
RBPlat expects to release its interim results on or about 16 August 2011.
The information above has not yet been reviewed and reported on by the company`s external auditors.
For further enquiries, please contact:
Investor Relations Manager
Tel: +27 (0)11 530 8056
Mobile: +27 (0)82 920 7803